4. INVENTORIES

Inventories consist of:

	September 26,		June 27,
(in thousands)	2015		2015
Raw materials	$	7,448	$	6,249
Work in process		3,150		2,812
Finished goods		4,585		4,552
Total inventories	$	15,183	$	13,613

The Company considers raw material inventory obsolete and reserves for it if the raw material has not been placed into production within 365 days. The Company reviews its assembled devices for excess and records a reserve if the quantity of assembled devices in inventory is in excess of the greater of the quantity shipped in the previous twelve months, the quantity in backlog or the quantity forecasted to be shipped in the following twelve months. In certain circumstances, management will determine, based on expected usage or other factors, that inventory considered excess by these guidelines should not be reserved. The Company does occasionally determine that the last twelve months’ sales levels will not continue and reserves inventory in line with the quantity forecasted. As of September 26, 2015 and June 27, 2015, the Company had reserved for $2.4 million and $2.8 million of inventory, respectively.