5. Inventories

Inventories as of September 30, 2011 and December 31, 2010 were as follows:

	September 30,			December 31,
In thousands	2011			2010
Raw materials	$	21,515		$	15,587
Work in process		10,276			11,759
Finished goods		10,000			10,758
		41,791			38,104
Less: Progress billings		(2,048	)		(660	)
Total inventories	$	39,743		$	37,444

Included in work in process is gross tooling inventory of $5.3 million and $7.1 million at September 30, 2011 and December 31, 2010, respectively. Tooling inventory, net of progress billings, was $3.2 million and $6.4 million at September 30, 2011 and December 31, 2010, respectively.