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Inventories
12 Months Ended
Dec. 31, 2018
Inventories  
Inventories

Note 3. Inventories

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

 

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

 

    

2018

    

2017

 

Inventories:

 

 

 

 

 

 

 

Raw materials

 

$

26,966

 

$

23,554

 

Work in process

 

 

28,217

 

 

20,135

 

Finished goods

 

 

3,388

 

 

2,151

 

 

 

$

58,571

 

$

45,840

 

 

As of December 31, 2018 and 2017, carrying values of inventories were net of inventory reserves of $14.8 million and $13.3 million, respectively, for excess and obsolete inventory and $18,000 and $291,000, respectively, for lower of cost or net realizable value reserves.