INVENTORIES

The following table summarizes inventories by major classification:



	December 31,
	2016		2015
	(in thousands)
Finished goods	$	142,333	$	162,341
Work-in-progress	654		918
Raw materials	4,042		4,933
Total inventories	$	147,029	$	168,192

The Company recorded approximately $0.0 million, $3.1 million, and $11.5 million of inventory write-downs during the years ended December 31, 2016, 2015 and 2014, respectively, related to certain obsolete raw materials, footwear, and accessories. The write-downs for 2016 and 2015 are reported in 'Cost of sales' in the consolidated statement of operations. In 2014, write-downs of $7.5 million and $4.0 million are reported within 'Cost of sales' and 'Restructuring charges', respectively, in the consolidated statement of operations.