Inventories (Tables)

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following (in thousands):

	December 31,
	2019		2018
Raw material and subassemblies	$	224,239	$	214,164
Work-in-progress	44,344		43,096
Finished goods	120,179		94,847
	$	388,762	$	352,107

During the years ended December 31, 2019 and 2018, the Company recognized inventory write-downs of $5.9 million and $3.3 million, respectively associated with the restructuring activities further discussed in Note 22, “Restructuring .” The inventory write-downs are included in "Cost of goods sold" on the Consolidated Statements of Income.