Note G - Inventories

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Inventory Disclosure [Text Block]

NOTE G—INVENTORIES

At December 31, 2023 and 2022, inventories consisted of the following (in thousands):

	As of December 31,
	2023			2022
Raw materials	$	22,128		$	25,732
Work in process and sub-assemblies		33,792			39,563
Finished goods		22,452			26,794
Allowance for Inventory		(14,506	)		(12,410	)
Total inventory	$	63,866		$	79,679

For the years 2023, 2022 and 2021, the inventory reserve adjustment expensed for inventory was $8.7 million, $4.9 million, and $3.9 million, respectively. For the years December 31, 2023, 2022 and 2021, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $10.6 million, $10.4 million, and $16.8 million, respectively.