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Inventory (Tables)
 3 Months Ended
Mar. 31, 2014
Inventory

Inventory consists of electrical components, primarily new electrical circuit breakers for use in commercial, industrial and residential applications. The following table presents the composition of the Company’s inventory as of March 31, 2014 and December 31, 2013:

 

 

 

March 31,

 

 

December 31,

 

(Dollars in thousands)

 

2014

 

 

2013

 

Finished goods

 

$

11,881

 

 

$

10,370

 

Valuation adjustment for damaged inventory

 

 

(25

)

 

 

(25

)

 

 

$

11,856

 

 

$

10,345