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Inventories

9 Months Ended

Sep. 30, 2013

4.	Inventories


	September 30,			December 31,
(dollars in thousands)	2013			2012
Raw materials	$	19,979		$	2,508
Work in process		4,106			—
Finished goods		2,918			1,817
Obsolescence allowance		(744	)		(427	)

	$	26,259		$	3,898

Amounts credited to the allowance for obsolete inventory and charged to cost of sales amounted to $37 and $65 for the three month periods ended September 30, 2013 and 2012, respectively, and $104 and $147 for the nine month period ended September 30, 2013 and 2012, respectively.

- 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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