INVENTORIES

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost or net realizable value. Cost is determined on a first in, first out basis. Finished goods and work-in-process inventories include material, labor and overhead costs. Factory overhead costs are primarily allocated to inventory manufactured in-house based upon direct labor hours.

Inventories consisted of the following:

(In thousands)	March 31, 2022		December 31, 2021
Raw materials	$	3,487	$	3,603
Work in process	1,818		1,441
Finished goods	2,062		1,997
Gross inventories	7,367		7,041
Less: provision for obsolescence	(348)		(263)
Inventories, net	$	7,019	$	6,778