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INVENTORIES (Tables)
6 Months Ended
Jun. 30, 2014
INVENTORIES  
Schedule of inventories including costs of materials, direct labor and manufacturing overhead, and stated at the lower of cost (first-in, first-out basis) or market

Inventories include costs of materials, direct labor and manufacturing overhead, and are stated at the lower of cost (first-in, first-out basis) or market, as follows (in thousands):

 

 

June 30,

 

December 31,

 

 

 

2014

 

2013

 

Parts and raw materials

 

$

22,271

 

$

20,649

 

Work-in-process

 

2,982

 

3,369

 

Finished goods

 

3,880

 

4,350

 

 

 

29,133

 

28,368

 

Less reserves

 

(3,660

)

(3,938

)

Inventories, net

 

$

25,473

 

$

24,430