Inventories

9 Months Ended

Sep. 30, 2011

Inventories

Inventories

2. Inventories

Inventories, valued at the lower of cost (first-in, first-out basis) or market, are as follows (in thousands):

	September 30,  2011			December 31, 2010
Parts and raw materials	$	10,790		$	10,068
Work-in process	2,446			2,001
Finished goods	2,817			1,937
	16,053			14,006
Less reserves	(1,993		)	(2,219		)
Inventories, net	$	14,061		$	11,787