NOTE 8. BALANCE SHEET DETAIL

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


	January 1, 2012			March 27, 2011
Land	$	6,660		$	11,960
Building and leasehold improvements		16,289			24,398
Machinery and equipment		47,127			46,863
Software and licenses		45,779			37,785

Property, plant and equipment, total		115,855			121,006
Accumulated depreciation and amortization		(85,885	)		(82,997	)

Property, plant and equipment, net	$	29,970		$	38,009

In connection with the Sipex acquisition, we assumed a lease financing obligation related to a facility located in Milpitas, California (the "Hillview Facility"). The lease term expired March 31, 2011 and had average lease payments of approximately $1.4 million per year.

At the end of the lease term, March 31, 2011, the terminal value of $12.2 million was settled in a noncash transaction with the expiration of the Hillview Facility lease. As a result, during the first quarter of fiscal year 2012, the property, plant and equipment balance and the terminal value of $12.2 million were removed from our condensed consolidated balance sheet.

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


	January 1, 2012		March 27, 2011
Work-in-process and raw materials	$	11,354	$	12,068
Finished goods		10,594		9,894

Total Inventories	$	21,948	$	21,962

Our other accrued expenses consisted of the following as of the dates indicated (in thousands):


	January 1, 2012		March 27, 2011
Short-term lease financing obligations	$	3,216	$	1,681
Accrued legal and professional services		1,585		1,630
Accrued sales and marketing expenses		840		1,036
Accrued manufacturing expenses, royalties and licenses		1,526		1,873
Accrued restructuring expenses		77		288
Other		865		554

Total other accrued expenses	$	8,109	$	7,062