Inventories

Inventories are principally valued at standard costs, which approximate the lower of cost or market on a first-in, first-out basis. Components of inventories were as follows:



(In thousands)	July 2, 2016		April 2, 2016
Raw materials and purchased parts	$	38,703	$	38,957
Work-in-process	14,582		14,270
Finished goods	6,237		7,243
	$	59,522	$	60,470

In the first quarter of 2017, the Company recorded a $1.1 million estimated impairment to inventory at our manufacturing facility in Wuhan resulting from flooding in central China.