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Note 7 - Inventories
3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 7.  Inventories

Inventories, net of inventory write-downs, consist of the following for the periods indicated (in thousands):

 

March 31, 2022

   

December 31, 2021

 

Raw materials

  $ 29,146     $ 29,469  

Work in process and sub-assemblies

    41,344       41,528  

Finished goods

    21,517       21,519  

Total inventories

  $ 92,007     $ 92,516  

The lower of cost or market adjustment expensed for inventory for the three months ended March 31, 2022 and 2021 was $2.0 million and $0.9 million, respectively. 

 

For the three months ended March 31, 2022 and 2021, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $1.0 million and $6.0 million, respectively.