Inventories And Deferred Preservation Costs

3 Months Ended

Mar. 31, 2016

Inventories And Deferred Preservation Costs [Abstract]

Inventories And Deferred Preservation Costs

8.  Inventories and Deferred Preservation Costs

Inventories at March 31, 2016 and December 31, 2015 are comprised of the following (in thousands): 

	March 31,		December 31,
	2016		2015
Raw materials and supplies	$	8,868	$	8,590
Work-in-process		2,610		633
Finished goods		13,809		5,420
Total inventories	$	25,287	$	14,643

Deferred preservation costs at March 31, 2016 and December 31, 2015 are comprised of the following (in thousands):

	March 31,		December 31,
	2016		2015
Cardiac tissues	$	13,065	$	11,722
Vascular tissues		12,937		13,019
Total deferred preservation costs	$	26,002	$	24,741

The Company maintains consignment inventory of its On-X heart valves at domestic and international hospital locations to facilitate usage.  The Company retains title to this consignment inventory until the valve is implanted, at which time the Company invoices the hospital.  As of March 31, 2016 the Company had $4.7 million in consignment inventory.  Approximately 85% of the Company’s consignment inventory is domestic and 15% is foreign.