INVENTORIES (Notes)

9 Months Ended

Sep. 30, 2012

Inventories consisted of the following at September 30, 2012 and December 31, 2011 (Revised) (in thousands):



	September 30, 2012		December 31, 2011 (Revised)
Raw materials	$	10,200	$	11,306
Work in process	306		415
Finished goods	69,929		99,676
	$	80,435	$	111,397

At September 30, 2012 and December 31, 2011 (Revised), finished goods inventory included $5.4 million and $7.2 million, respectively, associated with products shipped to customers and deferred labor costs for revenue arrangements that had not yet been recognized. In connection with the divestitures referenced in Note 7, during the nine-month period ended September 30, 2012, approximately $10.8 million of inventory, including finished goods inventory and capitalized overhead, related to the consumer audio and consumer video product lines was allocated to the divestitures and included in the loss on sales of assets in our consolidated statements of operations, and approximately $3.2 million of inventory to be disposed was recorded as a restructuring charge within cost of revenues.

- 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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