Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.7.0.1
Inventories
6 Months Ended
Jun. 30, 2017
Inventory Disclosure [Abstract]  
Inventories
Inventories
Inventories consist of the following (in thousands):
 
June 30, 2017
 
December 31, 2016
Raw materials and subassemblies
$
37,347

 
$
28,245

Work in process
1,915

 
1,507

Finished goods
44,181

 
34,908

Total inventories
83,443

 
64,660

Less: Non-current inventories
(14,165
)
 
(15,073
)
Inventories, current
$
69,278

 
$
49,587


At June 30, 2017 and December 31, 2016, the Company has classified $14.2 million and $15.1 million, respectively, of inventories as other assets. This inventory consists primarily 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 has been impacted by ship holds. The Company believes that these inventories will be utilized for their intended purpose.