INVENTORIES

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Net inventories are stated at the lower of cost (computed in accordance with the first-in, first-out method) or market. Elements of the cost include materials, labor and overhead.

Net inventories consist of the following (in thousands):

	March 31, 2016		December 31, 2015
Raw materials and purchased components	$	35,075	$	34,438
Work-in-process	35,965		33,682
Finished products	46,091		42,112
Inventories, net	$	117,131	$	110,232