Note 4 – Inventories

The Company’s inventories consist of high technology semiconductor devices that are specialized in nature, subject to rapid technological obsolescence, and sold in a highly competitive industry. Inventory balances at the end of each period are stated at the lower of cost (determined on a first-in, first-out basis) or net realizable value.

Inventories consist of (in thousands):



	September 28, 2013		March 30, 2013
Raw materials	$	379	$	470
Work-in-process		8,498		7,310
Finished goods		2,326		2,324
Finished goods at distributors and on consignment		1,225		1,240
Total inventories	$	12,428	$	11,344

The Company wrote down excess and obsolete inventory totaling $227,000 and $368,000 for the three and six months ended September 28, 2013, compared to $598,000 and $754,000, respectively, for the same periods of the prior fiscal year. The Company sold previously written-down inventory of $574,000 and $1,063,000 for the three and six months ended September 28, 2013 compared to $419,000 and $764,000 for the same periods of the prior fiscal year.