Inventories

3 Months Ended

Mar. 31, 2012

Inventories

Inventories

2.Inventories

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

	March 31, 2012			December 31,2011
Parts and raw materials	$	11,830		$	11,268
Work-in process	2,284			2,017
Finished goods	2,527			3,090
	16,641			16,375
Less reserves	(1,989		)	(1,946		)
Inventories, net	$	14,652		$	14,429