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INVENTORY

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

INVENTORY

NOTE 4 - INVENTORY

Inventory is composed of the following:

		December 31,
		2018					2017(*)
Raw materials and components		$	10,758			$	9,578
Work in progress			7,297				7,657
Spare parts			19,557				20,544
Finished goods			993				851
Total inventory (**)		$	38,605			$	38,630

  (*) reclassified

(**) The total amount of Rotables included in the company spare parts inventory for the years ended December 31, 2018 and 2017 were $8,284 and $8,615, respectively.

Slow inventory expenses amounted to $691, $964 and $1,138 for the years ended December 31, 2018, 2017 and 2016, respectively.

The company maintains a wide range of exchangeable units and other spare parts related to its products and services in various locations. Due to the long lead time of its suppliers and manufacturing cycles, the company needs to forecast demand and commit significant resources towards these inventories. As such, the company is subject to significant risks including excess inventory no longer relevant.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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