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Inventories
6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Inventories
Inventories
The components of inventories as of June 30, 2016 and December 31, 2015 were:
 
 
June 30,
2016
 
December 31,
2015
Raw materials and component parts
$
163,302

 
$
141,671

Work in process
34,321

 
32,387

Finished goods
60,036

 
65,066

Total
$
257,659

 
$
239,124


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