Inventories

9 Months Ended

Oct. 03, 2020

Inventory Disclosure [Abstract]

Inventories

NOTE 4.  INVENTORIES

Inventories consist principally of raw materials purchased for the manufacture of our products. We have limited finished goods inventory since the substantial majority of our products are custom, made-to-order and the revenue on these products, as well as the related cost, has been fully recognized upon completion of the manufacturing process. Finished goods inventory and work-in-progress costs include direct materials, direct labor, and overhead. All inventories are stated at the lower of cost (first-in, first-out method) or net realizable value. Inventories consisted of the following:

	October 3,		December 28,
	2020		2019
	(in thousands)
Raw materials	$	51,059	$	41,255
Work-in-progress		3,529		2,337
Finished goods		119		259
	$	54,707	$	43,851