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INVENTORIES
3 Months Ended
Mar. 31, 2015
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES:

Inventories (which consist of costs associated with the purchases of wafers from domestic and offshore foundries and of packaged components from offshore assembly manufacturers, as well as internal labor and overhead associated with the testing of both wafers and packaged components) are stated at the lower of cost (first-in, first-out) or market. Provisions, when required, are made to reduce excess and obsolete inventories to their estimated net realizable values.
Inventories consist of the following (in thousands):
 
March 31,
2015
 
December 31,
2014
Raw materials
$
21,435

 
$
21,127

Work-in-process
16,066

 
14,643

Finished goods
27,508

 
28,255

Total
$
65,009

 
$
64,025