Inventories and Significant Suppliers

12 Months Ended

Dec. 31, 2020

Inventories were as follows:


	December 31,
(In thousands)	2020		2019
Raw materials	$	44,273	$	56,352
Components	16,954		24,599
Work in process	6,211		1,526
Finished goods	52,992		62,658
Inventories	$	120,430	$	145,135

Significant Suppliers

We purchase integrated circuits, components and finished goods from multiple sources. Purchases from our supplier, Qorvo International Pte Ltd., totaled $43.5 million or 14.2% of our total inventory purchases for the year ended December 31, 2020. No supplier totaled 10% or more of our total inventory purchases for the years ended December 31, 2019 and 2018.

No supplier totaled 10% or more of our accounts payable balance at December 31, 2020. Accounts payable from our supplier, Zhejiang Zhen You Electronics Co. Ltd., totaled $11.4 million or 11.1% of our accounts payable balance at December 31, 2019.

Related Party Supplier

During the year ended December 31, 2018, we purchased certain printed circuit board assemblies from a related party supplier. The supplier was considered a related party for financial reporting purposes because our Senior Vice President of Strategic Operations owned 40% of this supplier. In the second quarter of 2018, our Senior Vice President sold his interest in this supplier, and thus this supplier is no longer considered a related party.

Total inventory purchases made from this supplier while it was a related party were $1.1 million during the twelve months ended December 31, 2018.