INVENTORIES

3 Months Ended

Mar. 31, 2017

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 net realizable value. Elements of the cost include materials, labor and overhead.

Net inventories consist of the following (in thousands):

	March 31, 2017		December 31, 2016
Raw materials and purchased components	$	32,584	$	33,822
Work-in-process	37,988		31,799
Finished products	45,291		41,397
Inventories, net	$	115,863	$	107,018