Inventories

6 Months Ended

Jun. 30, 2020

Inventories

Inventories

Note 3. Inventories

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

	June 30,		December 31,
	2020		2019
Inventories:
Raw materials	$	21,986	$	20,677
Work in process		25,261		24,946
Finished goods		2,339		3,529
	$	49,586	$	49,152

As of June 30, 2020 and December 31, 2019, carrying values of inventories were net of inventory reserves of $16.6 million and $16.4 million, respectively, for excess and obsolete inventory and $121,000 and $91,000, respectively, for lower of cost or net realizable value reserves.