Inventories

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories consist of the following:

	December 31,
	2019		2018
Components and raw materials	$	200,390	$	233,594
Work-in-process	49,620		66,498
Finished goods	130,780		103,487
Total	$	380,790	$	403,579

The Company recorded inventory provisions totaling $38,902, $12,981 and $16,946 for the years ended December 31, 2019, 2018 and 2017, respectively. These provisions relate to the recoverability of the value of inventories due to technological changes and excess quantities. These provisions are reported as a reduction to components and raw materials and finished goods.