Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.21.2
Inventories
9 Months Ended
Sep. 30, 2021
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consist of the following (in thousands):
September 30, 2021 December 31, 2020
Raw materials and subassemblies $ 21,349  $ 22,583 
Work in process 2,746  2,294 
Finished goods 59,535  65,695 
Total inventories 83,630  90,572 
Less: Non-current inventories (12,085) (14,922)
Inventories, current $ 71,545  $ 75,650 
As of September 30, 2021 and December 31, 2020, we have classified $12.1 million and $14.9 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.