INVENTORIES

3 Months Ended

Mar. 31, 2018

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Net inventories are stated at the lower of cost (computed in accordance with the first-in, first-out method) or net realizable value. Elements of the cost include materials, labor, and overhead.

Net inventories consist of the following (in thousands):

	March 31, 2018		December 31, 2017
Raw materials and purchased components	$	27,578	$	28,557
Work-in-process	39,382		33,355
Finished products	42,485		42,590
Inventories, net	$	109,445	$	104,502