BALANCE SHEET DETAILS

Inventories are comprised of the following:



	December 31, 2012		December 31, 2011
	(in thousands)
Raw materials and purchased parts	$	19,963	$	23,415
Work-in-progress	231,614		251,933
Finished goods	96,696		102,085
	$	348,273	$	377,433

Prepaids and other current assets consist of the following:



	December 31, 2012		December 31, 2011
	(In thousands)
Deferred income tax assets	$	53,105	$	10,239
Prepaid income taxes	13,113		16,441
Value‑added tax receivable	7,144		24,971
Income tax receivable	6,346		17,000
Other	45,311		48,278
	$	125,019	$	116,929

Other assets consist of the following:



	December 31, 2012		December 31, 2011
	(In thousands)
Deferred income tax assets, net of current portion	$	102,315	$	121,417
Investments in privately-held companies	8,493		12,208
Auction-rate securities	1,066		2,251
Other	11,091		5,595
	$	122,965	$	141,471

Accrued and other liabilities consist of the following:



	December 31, 2012		December 31, 2011
	(In thousands)
Accrued salaries and benefits and other employee related	$	54,993	$	63,360
Advance payments from customer	10,000		10,000
Income taxes payable	7,863		5,734
Deferred income tax liability, current portion	304		—
Grants to be repaid	5,054		14,931
Warranty accruals and accrued returns	10,411		13,855
Royalties and licenses	4,295		5,045
Accrued restructuring	16,222		2,147
Current portion of market price adjustment to supply agreement (See Note 15)	20,953		31,934
Other	73,415		60,112
	$	203,510	$	207,118

Other long-term liabilities consist of the following:



	December 31, 2012		December 31, 2011
	(In thousands)
Advance payments from customer	$	4,668	$	14,668
Income taxes payable	26,744		26,622
Accrued pension liability	40,087		29,268
Long-term technology license payable	—		3,831
Deferred income tax liability, non-current portion	58		57
Long-term portion of market price adjustment to supply agreement (See Note 15)	—		21,188
Long-term debt and capital lease obligations, less current portion	5,602		4,612
Other	23,020		12,725
	$	100,179	$	112,971

Advance payments from customer relate to an agreement that the Company entered into with a specific customer in the year 2000. The agreement calls for the Company to supply either a minimum quantity of the Company's products or make minimum repayments. The minimum payment required to be made annually is the greatest of 15% of the value of product shipped to the customer or $10.0 million, until such time that the advances have been fully repaid. The Company repaid $10.0 million in each of the years ended December 31, 2012, 2011 and 2010 under this agreement. As of December 31, 2012, the Company had remaining $14.7 million in customer advances received, of which $10.0 million is recorded in accrued and other liabilities and $4.7 million in other long-term liabilities.

Also included in other long-term liabilities is a note payable from an entity in which the Company has an equity investment to further its strategic objectives. The total outstanding amount due was $7.5 million, of which $6.6 million is included in other long-term liabilities, and $0.9 million is included in accounts payable at December 31, 2012 and $7.4 million, of which $6.6 million is included in other long-term liabilities, and $0.8 million is included in accounts payable at December 31, 2011. In addition, the Company paid $6.6 million, $3.7 million and $5.0 million to this company for the years ended December 31, 2012, 2011 and 2010, respectively, relating to a cost sharing arrangement for facility services at its Heilbronn, Germany facility.

Included in current liabilities is a liability related to a manufacturing services agreement entered into with LFoundry Rousset SAS (“LFoundry Rousset”). In connection with the sale of the Company’s Rousset manufacturing operations to LFoundry GmbH (“LFoundry GmbH”), a subsidiary of the Company entered into certain other ancillary agreements, including a manufacturing services agreement (“MSA”) in which a subsidiary agreed to purchase wafers following the closing on a “take-or-pay” basis. See Note 15 for further discussion.