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Inventories
6 Months Ended
Jun. 30, 2015
Inventory Disclosure [Abstract]  
Inventories
Inventories
The components of inventories as of June 30, 2015 and December 31, 2014 were:
 
 
June 30,
2015
 
December 31,
2014
Raw materials and component parts
$
147,608

 
$
137,584

Work in process
44,625

 
37,178

Finished goods
68,581

 
62,869

Total
$
260,814

 
$
237,631


Inventories are stated at the lower of cost or market. Cost, which includes material, labor, and factory overhead, is determined on a FIFO basis.