Inventories

Inventories as of June 30, 2015 and December 31, 2014 were as follows:



In thousands	June 30, 2015			December 31, 2014
Raw materials	$	22,705		$	21,248
Work in process	19,136			15,753
Finished goods	14,976			15,348
	56,817			52,349
Less: Progress billings	(1,243		)	(1,108		)
Total inventories	$	55,574		$	51,241

Included in work in process is gross tooling inventory of $12.4 million and $9.9 million at June 30, 2015 and December 31, 2014, respectively. Tooling inventory, net of progress billings, was $11.2 million and $8.8 million at June 30, 2015 and December 31, 2014, respectively.