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INVENTORIES
6 Months Ended
Jun. 30, 2014
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES

At June 30, 2014 and December 31, 2013, inventories consisted of the following (in thousands):

 
June 30,
2014
 
December 31,
2013
Raw materials
$
12,447

 
$
11,587

Work-in-process
17,878

 
22,139

Finished goods
29,719

 
30,305

Total
$
60,044

 
$
64,031

 
 
 
 
Short-term portion
$
54,043

 
$
58,059

Long-term portion
$
6,001

 
$
5,972



Amortization expense related to the fair value step-up during the six months ended June 30, 2014 and 2013 was $4.7 million and $9.1 million, respectively.