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Inventories
6 Months Ended
Mar. 31, 2013
Inventories

6. Inventories

Inventories consisted of the following (in thousands):

 

     March 31, 2013     September 30, 2012  

Finished goods

   $ 28,982      $ 32,845   

Work-in-process

     26,981        19,585   

Raw materials

     62,756        40,788   

Obsolescence reserve

     (7,246     (9,324
  

 

 

   

 

 

 
   $ 111,473      $ 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 six months ended March 31, 2013 and 2012, the Company made non-cash transfers of $4.1 million and $13,000, respectively, of inventories to its rental equipment fleet.