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D. INVENTORIES
12 Months Ended
Dec. 31, 2013
Inventory Disclosure [Abstract]  
4. INVENTORIES

At December 31, 2013 and 2012, inventories consisted of the following:

 

    2013     2012  
    (in thousands)  
Raw materials   $ 8,832     $ 4,755  
Work in process     8,708       4,434  
Finished goods     2,068       3,304  
    $ 19,608     $ 12,493  

  

For the years ended December 31, 2013, 2012 and 2011, the lower of cost or market adjustment expensed for inventory was $0.5 million, $0.9 million and $1.6 million, respectively.