INVENTORIES

Inventories, net, consisted of the following:



	Third Quarter of		Fiscal Year End
As of	2014		2013
(Dollars in thousands)
Raw materials	$	110,376	$	94,988
Work-in-process	7,089		6,871
Finished goods	160,562		152,452
Total inventories, net	$	278,027	$	254,311

Deferred costs of sales for the short-term deferral of hardware and related product revenues are included within finished goods and were $9.1 million as of the third quarter of fiscal 2014 and $12.6 million as of fiscal year end 2013.