Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.20.2
Inventories
9 Months Ended
Sep. 30, 2020
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consist of the following (in thousands):
September 30, 2020 December 31, 2019
Raw materials and subassemblies $ 31,484  $ 37,259 
Work in process 2,656  1,780 
Finished goods 63,180  50,521 
Total inventories 97,320  89,560 
Less: Non-current inventories (17,185) (18,192)
Inventories, current $ 80,135  $ 71,368 

As of September 30, 2020 and December 31, 2019, we have classified $17.2 million and $18.2 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 we no longer sell, inventory purchased for lifetime buys, and inventory that is turning over at a slow rate. We believe these inventories will be utilized for their intended purpose.