Note 7 - Inventories

12 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Inventory Disclosure [Text Block]

7. Inventories

Inventories consisted of the following (in thousands):

	AS OF SEPTEMBER 30,
	2023			2022
Finished goods	$	18,555		$	14,653
Work in process		11,992			6,230
Raw materials		26,832			25,609
Obsolescence reserve (net realizable value adjustment)		(14,061	)		(13,971	)
		43,318			32,521
Less current portion		18,430			19,995
Non-current portion	$	24,888		$	12,526

Inventory obsolescence expense totaled approximately $2.2 million and $3.2 million during fiscal years 2023 and 2022, respectively. Raw materials include semi-finished goods and component parts that totaled approximately $10.6 million and $9.4 million at September 30, 2023 and 2022, respectively.  At September 30, 2023, non-current inventories included raw materials and work in process totaling $3.2 million that will be transferred to rental equipment during the first quarter of fiscal year 2024.