Note 4. Inventories

Inventories consisted of the following (in thousands):


	February 28, 2014			February 28, 2013

Raw materials	$	7,906		$	7,447
Work-in-process		242			694
Finished goods		1,878			5,711

		10,026			13,852
Reserves for obsolescence		(111	)		(2,679	)

	$	9,915		$	11,173

During fiscal 2014, the Company disposed of inventories of $5.3 million of which $3.2 million was previously reserved for through inclusion in the inventory reserve. During fiscal 2013, the Company disposed of inventories of $0.4 million all of which was previously reserved.

Raw materials include approximately $2.9 million of inventory which the purchaser of the Company’s wholly-owned subsidiary, Lexel Imaging, Inc. agreed to purchase over a five-year period. (See Note 16)

The following is a roll forward of the Inventory Reserves (in thousands):


Description	Balance at Beginning of Period		Additions: Charged to Costs and Expenses		Deductions		Balance at End of Period
February 28, 2014	$	2,679	$	658	$	3,226	$	111
February 28, 2013		2,391		685		397		2,679