NOTE 4.

BALANCE SHEET DETAILS

Our inventories consisted of the following as of the dates indicated (in thousands):

	July 3,		March 27,
	2016		2016
Raw materials	$	1,080	$	1,012
Work-in-progress		9,140		9,780
Finished goods		11,884		10,015
Total inventories	$	22,104	$	20,807

Our property, plant and equipment consisted of the following as of the dates indicated below (in thousands):

	July 3,			March 27,
	2016			2016
Land	$	-		$	6,660
Building		-			16,365
Machinery and equipment		37,885			37,813
Software and licenses		22,068			22,045
Leasehold Improvement		763			755
Property, plant and equipment, total		60,716			83,638
Accumulated depreciation and amortization		(55,557	)		(63,339	)
Total property, plant and equipment, net	$	5,159		$	20,299

The decrease in land and building relates to the sale-leaseback of our Fremont office building. The accumulated depreciation and amortization for the three months ended July 3, 2016 includes a $1.5 million write down for impaired design tools. See

“

Note 13 - Lease Financing Obligation.

”

Our other current liabilities consisted of the following as of the dates indicated (in thousands):

	July 3,		March 27,
	2016		2016
Short-term lease financing obligations	$	3,772	$	3,784
Deferred gain on sale of land and building under sale-leaseback arrangement		1,594		-
Accrual for stock awards in connection with Cadeka acquisition		1,200		1,200
Purchase consideration holdback		1,006		1,006
Accrued legal and professional services		867		1,247
Accrued sales and marketing expenses		606		699
Accrued manufacturing expenses, royalties and licenses		318		486
Accrued restructuring charges and exit costs		697		494
Other current liabilities		2,239		1,753
Total other current liabilities	$	12,299	$	10,669

Our other non-current obligations consisted of the following as of the dates indicated (in thousands):

	July 3,		March 27,
	2016		2016
Long-term taxes payable	$	3,432	$	3,339
Long term deferred gain of land and building under sale-leaseback arrangement		797		-
Deferred tax liability		85		83
Total other non-current obligations	$	4,314	$	3,422

The deferred rent included in other current and non-current liabilities relates to deferred gain associated with our sale-leaseback, net of amortization.

See “

Note 13. Lease Financing Obligations

”