Note G - Inventories

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE G—INVENTORIES

At December 31, 2019 and 2018, inventories consisted of the following (in thousands):

	As of December 31,
	2019		2018
Raw materials	$	15,570	$	30,214
Work in process and sub-assemblies		50,787		49,192
Finished goods		18,671		13,850
Total inventory	$	85,028	$	93,256

For the years ended December 31, 2019, 2018 and 2017, the lower of cost or market reserve adjustment expensed for inventory was $6.8 million, $7.2 million, and $1.9 million , respectively. For the years December 31, 2019, 2018 and 2017, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $13.4 million, $12.3 million, and $6.8 million, respectively.