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Inventories

12 Months Ended

Dec. 31, 2014

8)	Inventories

Inventories consist of the following:


	Years Ended December 31,
	2014		2013
Raw material	$	81,121	$	75,687
Work-in-process		26,604		24,304
Finished goods		47,444		42,736

	$	155,169	$	142,727

Inventory related excess and obsolete charges of $12,131, $21,671 and $15,028 were recorded in cost of products in the years ended December 31, 2014, 2013 and 2012, respectively. Included in excess and obsolete charges for 2013 was $6,423 of special charges for obsolete inventory related to a unique product in a solar application as a result of slowing market conditions, which provided uncertainty as to the net realizable value of this inventory.

- 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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