BALANCE SHEET DETAILS

Inventories are comprised of the following:



	December 31, 2014		December 31, 2013
	(in thousands)
Raw materials and purchased parts	$	12,633	$	9,547
Work-in-progress	192,206		200,434
Finished goods	73,403		64,986
	$	278,242	$	274,967

Prepaids and other current assets consist of the following:



	December 31, 2014		December 31, 2013
	(in thousands)
Deferred income tax assets	$	45,518	$	35,493
Value-added tax receivable	2,375		2,734
Income tax receivable	8,559		8,668
Prepaid income taxes	7,258		2,938
Other	25,391		42,401
	$	89,101	$	92,234

Other assets consist of the following:



	December 31, 2014		December 31, 2013
	(in thousands)
Deferred income tax assets, net of current portion	$	117,278	$	134,365
Investments in privately-held companies	4,466		8,128
Auction-rate securities	1,066		1,066
Other	43,538		34,608
	$	166,348	$	178,167

Accrued and other liabilities consist of the following:



	December 31, 2014		December 31, 2013
	(in thousands)
Accrued salaries and benefits and other employee related	$	67,556	$	67,486
Accrued restructuring, current portion	14,607		25,441
Royalties and licenses	8,332		8,204
Warranty accruals and accrued returns	5,397		4,406
Income taxes payable	4,346		3,219
Grants to be repaid	571		579
Deferred income tax liability, current portion	182		208
Advance payments from customer	—		4,668
Other	38,705		41,195
	$	139,696	$	155,406

Other long-term liabilities consist of the following:



	December 31, 2014		December 31, 2013
	(in thousands)
Accrued pension liability	$	49,278	$	38,418
Income taxes payable	48,547		50,334
Accrued restructuring, net of current portion	5,118		—
Long-term technology license payable	422		3,568
Long-term debt and capital lease obligations, less current portion	75,002		7,010
Other	20,303		21,397
	$	198,670	$	120,727

Included in other long-term liabilities is a note payable to an entity in which the Company has an equity investment that provides facilities services to the Company's site in Heilbronn, Germany. The total outstanding amount due was $1.9 million, of which $1.6 million is included in other long-term liabilities and $0.3 million is included in accounts payable at December 31, 2014, and $3.6 million at December 31, 2013, of which $2.9 million is included in other long-term liabilities and $0.7 million is included in accounts payable. In addition, the Company paid $6.8 million and $6.7 million to this entity for the years ended December 31, 2014 and 2013, respectively, relating to costs for facility services.

In connection with the sale of the Company’s Rousset manufacturing operations to LFoundry GmbH (“LFoundry GmbH”) in June 2010, subsidiaries of the Company entered into certain other ancillary agreements, including a manufacturing services agreement (“MSA”) in which the subsidiaries agreed to purchase wafers following the closing on a “take-or-pay” basis. The present value of the liability was reduced over the term of the MSA as the wafers were purchased. The MSA liability was reduced by $21.0 million for the wafers purchased in the year ended December 31, 2013. The Company recorded $0.3 million in interest expense relating to the MSA liability for the years ended December 31, 2013.