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)	September 30, 2015		December 31, 2014
Raw materials	$	18,661	$	21,127
Work-in-process	14,659		14,643
Finished goods	22,119		28,255
Total	$	55,439	$	64,025