Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.7.0.1
Inventory
 3 Months Ended
Mar. 31, 2017
Inventory Disclosure [Abstract]  
Inventory

NOTE 4—INVENTORY

Inventory is valued at the lower of cost or market, with cost determined using the first-in, first-out method, and is comprised of the following (in thousands):  

 

 

March 31,

 

 

December 31,

 

 

2017

 

 

2016

 

Raw materials

$

5,021

 

 

$

4,837

 

Work-in-process

 

2,532

 

 

 

2,261

 

Finished goods

 

7,140

 

 

 

6,425

 

Inventory, net

$

14,693

 

 

$

13,523

 

 

Inventory is net of a provision for excess and obsolete inventory totaling $1.9 million and $1.7 million as of March 31, 2017 and December 31, 2016, respectively.