Inventories

Inventories consisted of the following:



	As of December 31,
	2015		2014
	(in thousands)
Raw materials	$	8,696	$	8,506
Work-in-process	40,695		20,508
Finished goods	7,816		1,834
Total	$	57,207	$	30,848

The Company did not record any write-offs for excess and obsolete inventories during the years ended December 31, 2015 and 2014. In 2013, the Company recorded within cost of product revenues $10.4 million of write-offs for excess and obsolete inventories. The write-offs for excess and obsolete inventories of $10.4 million affected the net loss attributable to Vertex per share, net of tax, by $0.05, in 2013.