Inventories, Net

12 Months Ended

Dec. 31, 2011

Note 5—Inventories, Net

At December 31, 2011 and 2010, inventories at cost, net of reserves, were as follows:


	Year Ended December 31,
	2011			2010
	(In thousands)
Raw materials	$	3,146		$	888
Work in progress		10,828			2,605
Finished goods		1,621			913

Inventory at cost		15,595			4,406
Inventory reserves		(4,671	)		(1,266	)

Total	$	10,924		$	3,140

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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