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Inventories
3 Months Ended
Dec. 31, 2012
Inventories

6. Inventories

Inventories consist of the following (in thousands):

 

     December 31, 2012     September 30, 2012  

Finished goods

   $ 27,009      $ 32,845   

Work-in-process

     24,487        19,585   

Raw materials

     54,567        40,788   

Obsolescence reserve

     (8,747     (9,324
  

 

 

   

 

 

 
   $ 97,316      $ 83,894   
  

 

 

   

 

 

 

The Company’s reserve for slow moving and obsolete inventories is analyzed and adjusted periodically to reflect the Company’s best estimate of the net realizable value of such inventories.

During the three months ended December 31, 2012 and 2011, the Company made non-cash transfers of $1.0 million and $0.1 million, respectively, of inventories to its rental equipment fleet.