2. Inventories, net

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

2. Inventories, net

Inventories, which are presented net of allowance for obsolete and slow-moving inventory, consisted of the following:

	December 31,
	2016		2015
Finished goods	$	3,216	$	4,029
Work in process		6,612		8,497
Raw materials		4,171		3,756
	$	13,999	$	16,282

Changes in the allowance for obsolete and slow-moving inventory are as follows:

	Years Ended December 31,
	2016			2015
Balance, beginning of year	$	1,685		$	1,703
Charged to cost of sales		180			54
Disposal of inventory		(258	)		(72	)
Balance, end of year	$	1,607		$	1,685

During the years ended December 31, 2016 and 2015, the Company disposed of obsolete inventory that had been fully reserved previously. There was no material impact to the Company’s consolidated balance sheets or consolidated statements of income as a result of this transaction.