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Inventories

12 Months Ended

Dec. 31, 2014

5.	Inventories

Inventories consisted of the following:


(Table only in thousands)	2014			2013
Raw materials	$	18,848		$	19,541
Work in process		2,644			3,172
Finished goods		2,492			2,987
Obsolescence allowance		(568	)		(536	)

	$	23,416		$	25,164

Amounts credited to the allowance for obsolete inventory and charged to cost of sales amounted to $(0.6) million, $(0.1) million and $0.1 million during 2014, 2013 and 2012, respectively. Items charged to the allowance for inventory write-offs were $0.5 million during 2014, zero during 2013, and $0.1 million during 2012.

- 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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