INVENTORIES

6 Months Ended

Jun. 30, 2020

INVENTORIES

INVENTORIES

4.    INVENTORIES

Inventories include costs of materials, direct labor and manufacturing overhead, and are stated at the lower of cost (first-in, first-out basis) or net realizable value, as follows (in thousands):

	June 30,		December 31,
	2020		2019
Parts and raw materials	$	42,886	$	35,849
Work-in-process		7,107		6,951
Finished goods		11,460		10,585
		61,453		53,385