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Inventories
9 Months Ended
Sep. 30, 2020
Inventories  
Inventories

Note 3. Inventories

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

September 30, 

December 31, 

    

2020

    

2019

 

Inventories:

Raw materials

$

23,078

$

20,677

Work in process

 

23,166

 

24,946

Finished goods

 

2,113

 

3,529

$

48,357

$

49,152

As of September 30, 2020 and December 31, 2019, carrying values of inventories were net of inventory reserves of $16.9 million and $16.4 million, respectively, for excess and obsolete inventory and $86,000 and $91,000, respectively, for lower of cost or net realizable value reserves.