Note 4 - Balance Sheet Details

9 Months Ended

Jan. 01, 2017

Notes to Financial Statements

Supplemental Balance Sheet Disclosures [Text Block]

NOTE 4. BALANCE SHEET DETAILS

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

	January 1,		March 27,
	2017		2016
Raw materials	$	1,252	$	1,012
Work-in-progress		9,729		9,780
Finished goods		13,240		10,015
Total inventories	$	24,221	$	20,807

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

	January 1,			March 27,
	2017			2016
Land	$	-		$	6,660
Building		-			16,365
Machinery and equipment		38,214			37,813
Software and licenses		21,561			22,045
Leasehold Improvement		833			755
Property, plant and equipment, total		60,608			83,638
Accumulated depreciation, amortization and impairment		(56,682	)		(63,339	)
Total property, plant and equipment, net	$	3,926		$	20,299

The decrease in land and building relates to the sale-leaseback of our Fremont facility. The accumulated depreciation and amortization for the

three

and

nine

months ended

January

1,

2017

includes a

$1.0

million and

$2.5

million, respectively, 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):

	January 1,		March 27,
	2017		2016
Short-term lease financing obligations	$	1,714	$	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 sales and marketing expenses		894		699
Accrued legal and professional services		792		1,247
Accrued manufacturing expenses, royalties and licenses		674		486
Accrued restructuring charges and exit costs		157		494
Other current liabilities		2,169		1,753
Total other current liabilities	$	10,200	$	10,669

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

	January 1,		March 27,
	2017		2016
Long-term taxes payable	$	3,446	$	3,339
Deferred tax liability		90		83
Total other non-current obligations	$	3,536	$	3,422

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

See “

Note

13.

Lease Financing Obligations”.