NOTE E - INVENTORIES

6 Months Ended

Oct. 31, 2016

NOTE E – INVENTORIES

Inventories, which are reported at the lower of cost or market, consist of the following:

	October 31, 2016		April 30, 2016
	(In thousands)
Raw Materials and Component Parts	$	25,095	$	25,110
Work in Progress		12,149		12,042
Finished Goods		4,526		4,126
	$	41,770	$	41,278

As of October 31, 2016 and April 30, 2016, approximately $35.9 million and $35.3 million, respectively, of total inventory is located in the United States, approximately $4.7 million and $5.0 million, respectively, is located in Belgium and $1.1 million and $1.0 million, respectively, is located in China. The Company buys inventory in bulk quantities which may be used over significant time periods; due to its nature the inventory does not deteriorate.