Inventories

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories

The components of inventories as of June 30, 2019 and December 31, 2018 were:

	June 30, 2019		December 31, 2018
Raw materials and component parts	$	186,117	$	178,805
Work in process	28,480		37,495
Finished goods	86,409		63,695
Total inventories	$	301,006	$	279,995

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