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Inventories
12 Months Ended
Dec. 31, 2013
Inventory Disclosure [Abstract]  
Inventories
3. Inventories

 

     December 31,  

(U.S. Dollars in thousands)

   2013      2012  
            (Restated)  

Raw materials

   $ 6,499       $ 7,623   

Work-in-process

     6,606         7,886   

Finished products

     31,342         28,308   

Field inventory

     34,932         22,629   

Consignment inventory

     3,916         6,155   

Deferred cost of sales

     7,282         10,772   
  

 

 

    

 

 

 
   $ 90,577       $ 83,373   
  

 

 

    

 

 

 

Field inventory represents immediately saleable finished products that are in the possession of the Company’s direct sales representatives. Consignment inventory represents immediately saleable finished products located at third party customers, such as distributors and hospitals. Deferred cost of sales result from transactions where the Company has shipped product or performed services for which all revenue recognition criteria have not yet been met. Once all revenue recognition criteria have been met, revenue previously recorded as deferred and associated cost of sales are recognized.