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INVENTORIES
6 Months Ended
Jun. 30, 2018
INVENTORIES  
INVENTORIES

 

4.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):

 

 

 

June 30, 
2018

 

December 31, 
2017

 

Parts and raw materials

 

$

29,962

 

$

24,910

 

Work-in-process

 

6,916

 

5,984

 

Finished goods

 

8,552

 

6,075

 

 

 

 

 

 

 

 

 

45,430

 

36,969

 

Less reserves

 

(4,332

)

(4,401

)

 

 

 

 

 

 

Inventories

 

$

41,098

 

$

32,568