Annual report pursuant to Section 13 and 15(d)

Inventories

v3.6.0.2
Inventories
12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
Inventories
INVENTORIES
Inventories consist of (in thousands): 
 
December 31,
 
2016
 
2015
Raw materials and subassemblies
$
28,245

 
$
19,041

Work in process
1,507

 
1,343

Finished goods
34,908

 
36,149

Total Inventories
64,660

 
56,533

Less: Non-current Inventories
(15,073
)
 
(7,961
)
Inventories
$
49,587

 
$
48,572


At December 31, 2016 and 2015, the Company has classified $15.1 million and $8.0 million, respectively, of inventories as non-current. This inventory consists of service components used to repair products held by customers pursuant to warranty obligations and extended service contracts, including service components for products that the Company no longer sells, inventory purchased for lifetime buys, and inventory that will be shipped when the ship hold on the NeoBLUE® products is released. The Company believes that these inventories will be utilized for the intended purpose.