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Inventories
3 Months Ended
Sep. 30, 2018
Inventories  
Inventories

Note 6.  Inventories

Inventories at September 30, 2018 and June 30, 2018 consisted of the following:

 

 

 

 

 

 

 

 

(In thousands)  

    

September 30, 2018

    

June 30, 2018

Raw Materials

 

$

61,218

 

$

64,647

Work-in-process

 

 

22,204

 

 

19,983

Finished Goods

 

 

62,493

 

 

57,005

Total

 

$

145,915

 

$

141,635

 

Inventory balances were written-down by $14.2 million and  $11.9 million at September 30, 2018 and June 30, 2018, respectively for excess and obsolete inventory amounts. During the three months ended September 30, 2018 and 2017, the Company recorded write-downs to net realizable value for excess and obsolete inventory of $3.4 million and $2.2 million, respectively.

In the first quarter of Fiscal 2019, the Company approved a plan to sell the Cody API business.  As such, all assets, including inventory totaling $5.6 million, and liabilities associated with the Cody API business are recorded in the assets and liabilities held for sale captions in the Consolidated Balance Sheet as of September 30, 2018.  See Note 22 “Assets Held for Sale” for more information.