The following tables reflect the components of significant balance sheet accounts as of March 31, 2012 and October 1, 2011:

	As of
(in thousands)	March 31, 2012			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	$	34,864		$	45,883
Work in process		24,964			26,237
Finished goods		18,880			16,071
		78,708			88,191
Inventory reserves		(15,405	)		(15,099	)
	$	63,303		$	73,092

Property, plant and equipment, net:
Land	$	2,086		$	2,086
Buildings and building improvements (2)		4,820			5,026
Leasehold improvements		15,767			15,389
Data processing equipment and software		23,197			22,804
Machinery, equipment, furniture and fixtures		40,086			38,327
		85,956			83,632
Accumulated depreciation		(60,723	)		(57,131	)
	$	25,233		$	26,501

Accrued expenses and other current liabilities:
Wages and benefits	$	15,872		$	17,313
Accrued customer obligations (3)		8,914			11,388
Commissions and professional fees (4)		3,009			3,293
Severance (5)		1,889			3,083
Short-term facility accrual related to discontinued operations (Test)		536			1,564
Other		6,547			6,887
	$	36,767		$	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 March 31, 2012 and 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 or six months ended March 31, 2012 and April 2, 2011.

	(2)	In accordance with ASC No. 360, Property, Plant and Equipment, due to unfavorable 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. Following the approval of the Board of Directors on February 14, 2012 to sell the building in Berg, the Company recorded an additional $0.2 million write down to reduce the value of the building to fair value less cost to sell in the three months ended March 31, 2012, as a result of its classification as an asset held for sale. The building is on the market and a sale is expected to be completed within one year.
		In accordance with ASC 820, the Company relies upon observable market data such as market price of similar buildings in Berg and other market factors in establishing fair value.

(3)

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

(4)

Balances as of March 31, 2012 and October 1, 2011 include nil 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 March 31, 2012 and October 1, 2011, respectively.

(5)

Total severance payable within the next twelve months includes the restructuring plan discussed in Note 2 and approximately $0.8 million of other severance not part of the Company’s plan for transition and consolidation of operations to Asia.