The following tables reflect the components of significant balance sheet accounts as of December 31, 2011 and October 1, 2011:

	As of
(in thousands)	December 31, 2011			October 1, 2011
Short term investments, available-for-sale:
Deposits maturing within one year (1)	$	-		$	6,364
	$	-		$	6,364

Inventories, net:
Raw materials and supplies	$	42,694		$	45,883
Work in process		18,192			26,237
Finished goods		14,628			16,071
		75,514			88,191
Inventory reserves		(15,808	)		(15,099	)
	$	59,706		$	73,092

Property, plant and equipment, net:
Land (2)	$	2,086		$	2,086
Buildings and building improvements (2)		5,026			5,026
Leasehold improvements		15,624			15,389
Data processing equipment and software		23,015			22,804
Machinery, equipment, furniture and fixtures		39,504			38,327
		85,255			83,632
Accumulated depreciation		(59,196	)		(57,131	)
	$	26,059		$	26,501

Accrued expenses and other current liabilities:
Wages and benefits	$	14,196		$	17,313
Accrued customer obligations (3)		8,456			11,388
Commissions and professional fees (4)		3,607			3,293
Severance (5)		2,393			3,083
Short-term facility accrual related to discontinued operations (Test)		1,090			1,564
Other		5,655			6,887
	$	35,397		$	43,528

(1)

All short-term investments were classified as available for sale and were measured at fair value based on level one measurement, or quoted market prices, as defined by ASC No. 820, Fair Value Measurements and Disclosures (“ASC 820”). As of October 1, 2011, fair value approximated the cost basis for short-term investments. The Company did not recognize any realized gains or losses on the sale of investments during the three months ended December 31, 2011 or January 1, 2011.

(2)

In accordance with ASC No. 360, Property, Plant and Equipment, due to negative real estate trends and the Company’s transition of die bonder manufacturing from Berg, Switzerland to Asia, the Company recorded a $3.0 million write down in value for its building in Berg in fiscal 2011.

(3)

Represents customer advance payments, customer credit program, accrued warranty expense and accrued retrofit costs.

(4)

Balances as of December 31, 2011 and October 1, 2011 include $0.4 million and $0.3 million, respectively, of liability classified stock compensation expenses in connection with the September 2010 retirement of the Company’s former Chief Executive Officer (“CEO”). In addition, balances for both periods include $0.3 million related to his three year consulting arrangement. In addition, $0.2 million and $0.3 million, respectively, were recorded within other liabilities related to the long term portion of his consulting agreement as of December 31, 2011 and October 1, 2011.

(5)

Total severance payable within the next twelve months includes restructuring plan discussed in Note 2 and approximately $0.9 million of other severance not part of the Company’s plan for transition and consolidation of operations to Asia.