Note 6 – Inventory

At December 31, 2016 and 2015, inventory was comprised of the following:

(In thousands)	2016		2015
Raw materials	$	40,461	$	34,223
Work in process		4,003		2,893
Finished goods		60,653		54,417
Total Inventory, net	$	105,117	$	91,533

We establish reserves for estimated excess, obsolete, or unmarketable inventory equal to the difference between the cost of the inventory and the estimated fair value of the inventory based upon assumptions about future demand and market conditions. At December 31, 2016 and 2015, raw materials reserves totaled $14.6 million and $17.5 million, respectively, and finished goods inventory reserves totaled $10.6 million and $9.2 million, respectively.