Quarterly report pursuant to Section 13 or 15(d)

Inventory

v2.4.0.8
Inventory
3 Months Ended
Mar. 31, 2014
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):

 

 

March 31,
2014

 

  

December 31,
2013

 

Raw materials

$

2,850

  

  

$

3,094

  

Work-in-process

 

1,759

  

  

 

1,727

  

Finished goods

 

7,282

  

  

 

6,557

  

Inventory, net

$

11,891

  

  

$

11,378

  

Inventory is net of a provision for excess and obsolete inventory totaling $3.0 million and $2.8 million as of March 31, 2014 and December 31, 2013, respectively.