INVENTORIES

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost or net realizable value. Cost is determined on a first in, first out basis. Finished goods and work-in-process inventories include material, labor and overhead costs. Factory overhead costs are primarily allocated to inventory manufactured in-house based upon direct labor hours.

Inventories consisted of the following:

(In thousands)	June 30, 2022		December 31, 2021
Raw materials	$	4,547	$	3,603
Work in process	2,192		1,441
Finished goods	3,298		1,997
Gross inventories	10,037		7,041
Less: provision for obsolescence	(360)		(263)
Inventories, net	$	9,677	$	6,778