Inventories

Inventories as of June 30, 2016 and December 31, 2015 were as follows:



In thousands	June 30, 2016			December 31, 2015
Raw materials	$	19,659		$	17,128
Work in process	14,062			14,670
Finished goods	13,965			15,048
	47,686			46,846
Less: Progress billings	(629		)	(316		)
Total inventories	$	47,057		$	46,530

Included in work in process is gross tooling inventory of $7.5 million and $9.5 million at June 30, 2016 and December 31, 2015, respectively. Tooling inventory, net of progress billings, was $6.9 million and $9.2 million at June 30, 2016 and December 31, 2015, respectively.