Inventories

6 Months Ended

Jun. 30, 2021

Inventories

Inventories

Note 3. Inventories

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

	June 30,		December 31,
	2021		2020
Inventories:
Raw materials	$	28,274	$	24,738
Work in process		27,024		24,215
Finished goods		3,628		2,562
	$	58,926	$	51,515

As of June 30, 2021 and December 31, 2020, carrying values of inventories were net of inventory reserves of $19.3 million and $17.7 million, respectively, for excess and obsolete inventory and $394,000 and $162,000, respectively, for lower of cost or net realizable value reserves.