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Inventory
9 Months Ended
Sep. 30, 2017
Inventory Disclosure [Abstract]  
Inventory

8. INVENTORY

At September 30, 2017 and December 31, 2016, inventory consisted of the following:

 

 

 

September 30,

 

 

December 31,

 

(In thousands)

 

2017

 

 

2016

 

Raw materials

 

$

44,002

 

 

$

40,461

 

Work in process

 

 

4,859

 

 

 

4,003

 

Finished goods

 

 

67,369

 

 

 

60,653

 

Total

 

$

116,230

 

 

$

105,117

 

 

We establish reserves for estimated excess, obsolete, or unmarketable inventory equal to the difference between the cost of the inventory and the estimated fair value of the inventory based upon assumptions about future demand and market conditions. At September 30, 2017 and December 31, 2016, raw materials reserves totaled $16.8 million and $14.6 million, respectively, and finished goods inventory reserves totaled $12.9 million and $10.6 million, respectively.