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Inventories
6 Months Ended
Jun. 30, 2016
Inventories  
Inventories

Note 3. Inventories

 

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

 

 

 

 

 

 

 

 

 

 

 

June 30, 

 

December 31, 

 

 

    

2016

    

2015

 

Inventories:

 

 

 

 

 

 

 

Raw materials

 

$

20,246

 

$

19,532

 

Work in process

 

 

15,918

 

 

16,007

 

Finished goods

 

 

2,461

 

 

2,473

 

 

 

$

38,625

 

$

38,012

 

 

As of June 30, 2016 and December 31, 2015, carrying values of inventories were net of inventory reserve of $11.8 million and $12.0 million, respectively, for excess and obsolete inventory and $526,000 and $625,000, respectively, for lower of cost or market reserves.