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INVENTORIES
9 Months Ended
Sep. 30, 2017
INVENTORIES  
INVENTORIES

 

2.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):

 

 

 

September 30,
2017

 

December 31,
2016

 

Parts and raw materials

 

$

23,914

 

$

23,978

 

Work-in-progress

 

7,948

 

6,628

 

Finished goods

 

5,380

 

4,928

 

 

 

 

 

 

 

 

 

37,242

 

35,534

 

Less reserves

 

(4,463

)

(4,436

)

 

 

 

 

 

 

Inventories

 

$

32,779

 

$

31,098