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Note G - Inventories
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Inventory Disclosure [Text Block]

NOTE G—INVENTORIES

  

At December 31, 2021 and 2020, inventories consisted of the following (in thousands):

  

  

As of December 31,

 
  

2021

  

2020

 

Raw materials

 $29,469  $25,555 

Work in process and sub-assemblies

  41,528   52,544 

Finished goods

  21,519   32,298 

Total inventory

 $92,516  $110,397 

 

For the years ended December 31, 2021, 2020 and 2019, the lower of cost or market reserve adjustment expensed for inventory was $3.9 million, $3.9 million, and $6.8 million, respectively. For the years December 31, 2021, 2020 and 2019, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $16.8 million, $20.4 million, and $13.4 million, respectively.