Inventories, net

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Inventories, net

4. Inventories, net

The components of inventory, net of reserves for slow-moving, excess or obsolete inventory, consist of the following:

	March 31, 2012		December 31, 2011
Finished goods	$	4,478	$	3,981
Work in process		4,595		4,671
Raw materials		3,460		3,496
	$	12,533	$	12,148

Reserves for slow-moving, excess, or obsolete inventory were approximately $2,817 at March 31, 2012, compared with approximately $2,765 at December 31, 2011. The reserve for slow-moving, excess, or obsolete inventory is used to state the Company’s inventories at the lower of cost or market.