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Inventories

9 Months Ended

Sep. 30, 2013

INVENTORIES

Inventories are stated at the lower of cost or market, with cost determined based on the first-in, first-out method. We establish inventory allowances for excess, slow-moving and obsolete inventory based on inventory levels, expected product life and forecasted sales. Inventories are written down to market value based on historical demand, competitive factors, changes in technology and product life cycles.

Net Inventories consisted of the following (in thousands):



	As of
	September 30, 2013		December 31, 2012
Finished goods	$	15,918	$	17,148
Parts and components	1,603		1,639
Total inventories	$	17,521	$	18,787

Inventory reserves, primarily related to excess parts inventories, were as follows (in thousands):



	As of
	September 30, 2013		December 31, 2012
Inventory reserves	$	683	$	1,011

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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