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Inventories
12 Months Ended
Dec. 31, 2015
Inventories  
Inventories

Note 3. Inventories

The components of inventory are summarized below (in thousands):

 

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

 

    

2015

    

2014

 

Inventories:

 

 

 

 

 

 

 

Raw materials

 

$

19,532

 

$

18,990

 

Work in process

 

 

16,007

 

 

16,222

 

Finished goods

 

 

2,473

 

 

3,362

 

 

 

$

38,012

 

$

38,574

 

 

As of December 31, 2015 and 2014, carrying values of inventories were net of inventory reserve of $12.0 million and $11.2 million, respectively, for excess and obsolete inventory.