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Inventories
12 Months Ended
Dec. 31, 2016
Inventories  
Inventories

Note 3. Inventories

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

 

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

 

    

2016

    

2015

 

Inventories:

 

 

 

 

 

 

 

Raw materials

 

$

17,485

 

$

19,532

 

Work in process

 

 

20,410

 

 

16,007

 

Finished goods

 

 

2,257

 

 

2,473

 

 

 

$

40,152

 

$

38,012

 

 

As of December 31, 2016 and 2015, carrying values of inventories were net of inventory reserve of $12.0 million and $12.0 million, respectively, for excess and obsolete inventory and $254,000 and $625,000, respectively, for lower of cost or market reserves.