Note G - Inventories

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE G—INVENTORIES

At December 31, 2022 and 2021, inventories consisted of the following (in thousands):

	As of December 31,
	2022		2021
Raw materials	$	25,732	$	29,469
Work in process and sub-assemblies		39,563		41,528
Finished goods		14,384		21,519
Total inventory	$	79,679	$	92,516

For the years ended December 31, 2022, 2021 and 2020, the inventory reserve adjustment expensed for inventory was $4.9 million, $3.9 million, and $3.9 million, respectively. For the years December 31, 2022, 2021 and 2020, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $10.4 million, $16.8 million, and $20.4 million, respectively.