Inventories

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



In thousands	September 30, 2015			December 31, 2014
Raw materials	$	25,324		$	21,248
Work in process	19,321			15,753
Finished goods	16,101			15,348
	60,746			52,349
Less: Progress billings	(1,253		)	(1,108		)
Total inventories	$	59,493		$	51,241

Included in work in process is gross tooling inventory of $12.6 million and $9.9 million at September 30, 2015 and December 31, 2014, respectively. Tooling inventory, net of progress billings, was $11.3 million and $8.8 million at September 30, 2015 and December 31, 2014, respectively.