INVENTORIES

9 Months Ended

Sep. 30, 2023

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)	September 30, 2023		December 31, 2022
Raw materials	$	4,578	$	4,979
Work in process	2,522		2,160
Finished goods	4,796		5,115
Gross inventories	11,896		12,254
Less: provision for obsolescence	(611)		(457)
Inventories, net	$	11,285	$	11,797