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Inventories
 12 Months Ended
Dec. 31, 2013
Inventory Disclosure [Abstract]  
Inventories

5. Inventories

Inventories as of December 31, 2013, 2012 and 2011 consist of the following:

 

     Year Ended December 31,  
     2013      2012
(As Restated)		      2011
(As Restated)		  

Finished goods

      43,734         30,715         13,224   

Semi-finished goods and work-in-process

      92,030         62,918         49,124   

Raw materials

      9,464         11,996         11,183   

Materials in-transit and other

      1,870         2,184         1,471   

Less: inventory reserve

      (72,400 )       (25,429 )       (12,319 ) 
  

 

 

     

 

 

     

 

 

  

Inventories, net

    $ 74,698       $ 82,384       $ 62,683   
  

 

 

     

 

 

     

 

 

  

Changes in inventory reserve for the years ended December 31, 2013, 2012 and 2011 are as follows:

 

     Year Ended December 31,  
     2013      2012
(As Restated)		      2011
(As Restated)		  

Beginning balance

    $ (25,429 )     $ (12,319 )     $ (7,100 ) 

Change in reserve

      (48,015 )       (14,910 )       (7,311 ) 

Write off

      3,086         3,376         1,806   

Translation adjustments

      (2,042 )       (1,576 )       286   
  

 

 

     

 

 

     

 

 

  

Ending balance

    $ (72,400 )     $ (25,429 )     $ (12,319 ) 
  

 

 

     

 

 

     

 

 

  

Inventory reserve represents the Company’s best estimate in value lost due to excessive inventory level, physical deterioration, obsolescence, changes in price levels, or other causes based on individual facts and circumstances. Inventory reserve relates to inventory items including finished goods, semi-finished goods and work-in-process. Write off of this reserve is recognized only when the related inventory has been disposed or scrapped.