Note 4 — Inventories

Inventories are primarily used in the manufacture, maintenance and service of Restaurant/Retail products. The components of inventories (net) consist of the following:

	(in thousands)
	March 31, 2017		December 31, 2016
Finished goods	$	9,159	$	9,423
Work in process		1,027		443
Component parts		8,355		10,386
Service parts		6,259		5,985
	$	24,800	$	26,237

At March 31, 2017 and December 31, 2016, the Company had recorded inventory reserves of $7.0 million and $9.2 million, respectively, against Restaurant/Retail inventories, which relates primarily to service parts.