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INVENTORIES, NET

12 Months Ended

Dec. 31, 2014

NOTE 7 -

INVENTORIES, NET

Inventories are composed of the following:

	December 31,
	2014		*2013()**

Raw materials and components	$	11,333	$	9,648
Work in process		14,600		14,044
Spare parts		8,956		4,742
Finished goods		515		961

	$	35,404	$	29,395

(*) Excluding held for sale assets at December 31, 2013

In 2014, 2013 and 2012, approximately $202, $350 and $1,892, respectively, of inventory previously written-down were used or sold in the course of providing MRO services.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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