Inventory

The components of inventory consisted of the following:



(in thousands)	As of		As of
	June 30, 2012		September 30, 2011
Raw materials	$	17,603	$	13,799
Work in-process	9,524		7,129
Finished goods	11,811		12,238
Inventory	$	38,938	$	33,166

During the nine months ended June 30, 2012, we recorded flood-related losses associated with damaged inventory of approximately $3.7 million. During the three months ended June 30, 2012, we recovered $0.3 million of our inventory which was previously believed to be damaged by the Thailand flood. See Note 9 - Flood-related Losses for additional disclosures related to the impact of the Thailand flood on our operations.

In May 2012, we sold approximately $5.1 million of inventory to SEI pursuant to a Master Purchase Agreement signed in March 2012. We also wrote-off $0.3 million of inventory associated with product lines sold to SEI which will no longer be manufactured by us. See Note 1 - Basis of Presentation for additional disclosures related to this asset sale.