Inventory

9 Months Ended

Sep. 30, 2011

Inventories are primarily used in the manufacture and service of Hospitality products. The components of inventory consist of the following:

	(in thousands)
	September 30,			December 31,
	2011			2010
Finished Goods		$	12,080		$	13,913
Work in process			1,021			959
Component parts			7,281			7,228
Service parts			9,387			16,607
		$	29,769		$	38,707

During the nine months ended September 30, 2011, the Company recorded a charge of $7.7 million (all recorded during the quarter ended June 30, 2011) associated with the write down of service parts inventory related to discontinued products. This charge was recorded as the result of an acceleration of technology upgrade programs by two of the Company's major customers and an overall change in customer requirements as a result of these upgrades. As part of these programs, the Company's customers were required to upgrade their existing hardware in support of new software utilized at their respective restaurants.