INVENTORIES

9 Months Ended

Sep. 30, 2021

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):

	September 30,		December 31,
	2021		2020
Parts and raw materials	$	54,077	$	44,750
Work-in-process		7,785		6,186
Finished goods		10,377		12,042
	$	72,239	$	62,978