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Inventories
9 Months Ended
Sep. 30, 2016
Inventories [Abstract]  
Inventories

(2)  Inventories



Components of inventories, net, as of September 30, 2016 and December 31, 2015 were as follows:



 

 

 

 

 



 

 

 

 

 

(in thousands)

2016

 

2015

Raw materials

$

40,576 

 

$

43,960 

Work in process

 

4,999 

 

 

4,067 

Finished goods and parts

 

68,142 

 

 

57,850 

Inventories, net

$

113,717 

 

$

105,877 



During the third quarter of 2016, the Company recorded an inventory reserve of $10,723 in connection with the discontinuation of certain products as a result of the Company’s recently updated strategy. No reserves in connection with the discontinuation of certain products were recorded for the nine months ended September 30, 2015.