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Inventories
12 Months Ended
Dec. 31, 2016
Inventories  
Inventories

Note 7 — Inventories

 

Inventories are stated at the lower of cost or net realizable value using standard costs that approximate actual costs on a first-in, first-out basis. Inventories consist of the following:

 

 

 

 

December 31,

 

 

 

 

2016

 

 

 

2015

 

 

 

(in thousands)

 

Materials

 

$

46,457 

 

$

42,373 

 

Work-in-process

 

25,250 

 

30,327 

 

Finished goods

 

5,356 

 

4,769 

 

 

 

 

 

 

 

Total

 

$

77,063 

 

$

77,469