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Inventories

12 Months Ended

Dec. 31, 2014

INVENTORIES

Inventories at December 31 consisted of the following (in thousands):



	2014		2013
Raw material	$	58,665	$	52,751
Work-in-process	12,841		11,100
Finished goods	57,237		57,301
Total inventories	$	128,743	$	121,152

The following table summarizes activity recorded within the reserve for excess, obsolete and slow moving inventory for the years ended December 31 (in thousands):



	2014			2013			2012
Beginning balance	5,570			4,907			4,146
Excess, obsolete and slow moving inventory expense	731			2,068			2,417
Reserves from acquisitions	—			35			95
Scrapped inventory and other adjustments	(726		)	(1,440		)	(1,751		)
Ending balance	$	5,575		$	5,570		$	4,907

- 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.

+ References+ Details