XML 22 R10.htm IDEA: XBRL DOCUMENT
v3.20.2

INVENTORIES | 6 Months Ended
--- | ---
Jun. 30, 2020
Inventory Disclosure [Abstract] |
INVENTORIES | INVENTORIES Inventories are stated at the lower of cost or net realizable values. Cost is determined on a first in, first out basis. Finished goods and work-in-process inventories include material, labor and overhead costs. Factory overhead costs are primarily allocated to inventory manufactured in-house based upon labor hours. Inventories consisted of the following:
(In thousands) | June 30, 2020 |  | December 31, 2019
Raw materials | $ | 2,441 |  |  | $ | 2,935 |
Work in process | 1,504 |  |  | 1,209 |
Finished goods | 1,997 |  |  | 1,316 |
Gross inventories | 5,942 |  |  | 5,460 |
Less: provision for obsolescence | (685 | ) |  | (392 | )
Inventories, net | $ | 5,257 |  |  | $ | 5,068 |
During the second fiscal quarter, we reassessed our forecasted product mix due to COVID-19, increased availability of our newer handpiece designs and earlier than expected completion of product registrations in some of our foreign markets. As a result, certain products were reduced to a lower carrying value, and some components were also written off as it was determined to cease further production on these models. The total associated impairment was approximately $400,000 and is included in cost of sales in the accompanying consolidated statements of income for the three and six months ended June 30, 2020.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration