Quarterly report pursuant to Section 13 or 15(d)

Inventory

v2.4.0.6
Inventory
6 Months Ended
Jun. 30, 2012
Inventory [Abstract]  
INVENTORY

NOTE 4—INVENTORY

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

 

                 
    June 30,
2012
    December 31,
2011
 

Raw materials

  $ 4,117     $ 4,280  

Work-in-process

    1,935       2,538  

Finished goods

    4,648       4,494  
   

 

 

   

 

 

 

Inventory, net

  $ 10,700     $ 11,312  
   

 

 

   

 

 

 

Inventory is net of the provision for excess and obsolete inventory of approximately $2.1 million and $2.3 million at June 30, 2012 and December 31, 2011, respectively.