

(in thousands)	April 3, 2016			March 29, 2015
Inventories, net
Raw materials	$	3,251		$	4,709
Work-in-process	29,408			18,377
Finished goods	21,584			22,324
Total inventories, net	$	54,243		$	45,410
Property, plant and equipment, net
Land	$	11,535		$	11,578
Machinery and equipment	250,628			292,180
Building and leasehold improvements	49,015			48,031
Total property, plant and equipment, gross	311,178			351,789
Less: accumulated depreciation (1)	(237,301		)	(286,281		)
Total property, plant and equipment, net	$	73,877		$	65,508
Other current liabilities
Accrued restructuring costs (2)	2,641			10,512
Other (3)	12,333			7,070
Total other current liabilities	$	14,974		$	17,582



Other long-term obligations
Deferred compensation related liabilities	$	13,052	$	13,143
Other (4)	8,212		4,462
Total other long-term liabilities	$	21,264	$	17,605

(1) Depreciation expense was $18.3 million, $18.8 million and $20.9 million for fiscal years 2016, 2015 and 2014, respectively.

(2) Includes accrued severance costs related to integration, the disposed HSC business, and other restructuring actions of $1.2 million, $1.5 million, and $0.1 million, respectively, as of April 3, 2016; and accrued severance costs related to disposed HSC business of $10.2 million as of March 29, 2015.

(3) Other current liabilities consist primarily of accrued royalties and outside commissions, current portion of supplier obligations, current portion of capital lease payable, and other accrued unbilled expenses.

(4) Other long-term obligations consist primarily of non-current portion of capital lease payable, non-current deferred gain and other long-term accrued liabilities.