Inventories

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following (in thousands):

	December 31,
	2020		2019
Raw material and subassemblies	$	281,641	$	224,239
Work-in-progress	51,763		44,344
Finished goods	138,833		120,179
	$	472,237	$	388,762

The Company recognized inventory write-downs of $5.9 million associated with the Outdoor and Tactical Systems ("OTS") restructuring and $3.3 million associated with other restructuring actions during the years ended December 31, 2019 and 2018, respectively. See Note 21, “Restructuring” for additional information and discussion on restructuring actions.