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Note G - Inventories
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Inventory Disclosure [Text Block]

NOTE G—INVENTORIES

  

At December 31, 2024 and 2023, inventories consisted of the following (in thousands):

  

  

As of December 31,

 
  

2024

  

2023

 

Raw materials

 $50,379  $22,128 

Work in process and sub-assemblies

  35,716   33,792 

Finished goods

  17,291   22,452 

Allowance for Inventory

  (15,251)  (14,506)

Total inventory

 $88,135  $63,866 

 

For the years 2024, 2023 and 2022, the inventory reserve adjustment expensed for inventory was $3.4 million, $8.7 million and $4.9 million, respectively. For the years December 31, 2024, 2023 and 2022, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $3.7 million, $10.6 million and $10.4 million, respectively.