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Inventories

12 Months Ended

Dec. 31, 2012

A summary of inventories is as follows (in thousands):



	December 31,
	2012			2011
Raw materials and purchased subassemblies	$	49,421		$	45,829
Work-in-process	8,613			8,294
Finished goods	26,880			29,059
Reserve for excess and obsolete inventories	(14,239		)	(13,037		)
Total	$	70,675		$	70,145

The Company provides for estimated obsolescence or excess inventory charges in amounts equal to the difference between the cost of inventory and market based upon assumptions about future demand for the Company’s products and market conditions. For 2012, 2011, and 2010, the Company recorded inventory obsolescence and excess inventory charges of approximately $1.3 million, $0.6 million, and $1.6 million, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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