XML 62 R10.htm IDEA: XBRL DOCUMENT

Inventories

3 Months Ended

Mar. 31, 2015

Inventories

Inventories consisted of the following (in thousands):



	March 31, 2015			December 31, 2014
Raw materials	$	8,458		$	9,219
Work-in-process	681			1,195
Finished goods	9,251			10,762
	18,390			21,176
Less: inventory valuation allowance	(2,663		)	(2,701		)
Inventories, net	$	15,727		$	18,475

Consigned inventory is held at third-party locations, which include the Company's contract manufacturing partner and customers. The Company retains title to the inventory until purchased by the third-party. Consigned inventory, consisting of raw materials and finished goods was $2.1 million and $2.6 million at March 31, 2015 and December 31, 2014.

The Company recorded the following charges associated with the valuation of inventory and the adverse purchase commitment liability (in thousands):



	Three Months Ended
	March 31,
	2015			2014
Inventory, net	$	(40	)	$	1,162
Adverse purchase commitments	576			(127)

- 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.

+ References+ Details