XML 22 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Inventories
9 Months Ended
Sep. 30, 2018
Inventory Disclosure [Abstract]  
Inventories
Inventories

Components of inventories at September 30, 2018 and December 31, 2017 are summarized as follows:
(in thousands)
2018
 
2017
Raw materials
$
50,533

 
$
37,660

Work in process
4,318

 
3,906

Finished goods and parts
73,313

 
62,337

Inventories
$
128,164

 
$
103,903



During the quarter ended September 30, 2018, the Company took efforts to increase inventory levels as it prepares to deliver on current backlog and anticipated orders. Additionally, during the quarter ended September 30, 2017 the Company recorded inventory adjustments totaling $12.9 million resulting from its lower of cost or market analysis. The charge was effected because of ongoing efforts to focus and prioritize the Company’s portfolio based on year-to-date demand, market trends and a better understanding of where the Company’s offerings meet and will continue to meet customers’ needs and demand. The inventory adjustments related primarily to legacy plastics printers, refurbished and used metals printers and parts which have shown little to no use over extended periods.