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INVENTORIES
3 Months Ended
Mar. 31, 2017
INVENTORIES  
INVENTORIES

3.INVENTORIES

 

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

 

 

 

March 31,
2017

 

December 31,
2016

 

Parts and raw materials

 

$

23,136

 

$

23,978

 

Work-in-process

 

7,104

 

6,628

 

Finished goods

 

5,268

 

4,928

 

 

 

 

 

 

 

 

 

35,508

 

35,534

 

Less reserves

 

(4,646

)

(4,436

)

 

 

 

 

 

 

Inventories

 

$

30,862

 

$

31,098