INVENTORIES

Inventories are stated at the lower of cost (on a first-in, first-out basis) or market value. The stated cost is comprised of direct materials, labor, and overhead. The major classes of inventories, net of applicable lower of cost or market write-downs, were as follows (in thousands):



	December 29, 2012		September 29, 2012
Raw materials	$	345,572	$	337,657
Work-in-process	52,070		47,182
Finished goods	83,350		72,852
	$	480,992	$	457,691

Per contractual terms, customer deposits are received by the Company to offset obsolete and excess inventory risks. The total amount of customer deposits related to inventory and included within current liabilities on the accompanying Condensed Consolidated Balance Sheets as of December 29, 2012 and September 29, 2012 was $34.6 million and $34.8 million, respectively.