INVENTORIES

Inventories consist of material, labor and overhead costs and are stated at the lower of cost or market value, determined under the first-in, first-out accounting method. Certain inventories are measured using the weighted average cost method. Inventories were as follows:



(in thousands)	December 31, 2016		October 1, 2016
Components, assemblies and parts	$	83,540	$	87,119
Customer projects in various stages of completion	28,883		32,575
Finished goods	10,247		12,872
Total inventories	$	122,670	$	132,566