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Inventories
3 Months Ended
Mar. 31, 2017
Inventories  
Inventories

Note 3. Inventories

 

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

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

 

    

2017

    

2016

 

Inventories:

 

 

 

 

 

 

 

Raw materials

 

$

16,422

 

$

17,485

 

Work in process

 

 

20,534

 

 

20,410

 

Finished goods

 

 

2,239

 

 

2,257

 

 

 

$

39,195

 

$

40,152

 

 

As of March 31, 2017 and December 31, 2016, carrying values of inventories were net of inventory reserves of $12.1 million and $12.0 million, respectively, for excess and obsolete inventory and $86,000 and $254,000, respectively, for lower of cost or market reserves.