Quarterly report pursuant to Section 13 or 15(d)

Inventories

v2.4.0.8
Inventories
3 Months Ended
Mar. 31, 2014
Inventories [Abstract]  
Inventories

4 - Inventories

Inventories consist of the following (in thousands):

 

March 31, 2014

December 31, 2013

 

 

 

Raw materials and subassemblies

$21,381

$24,312

Work in process

2,053

2,584

Finished goods

19,731

17,861

Total inventories

43,165

44,757

Less: Non-current inventories

(7,710)

(7,072)

Inventories, current

$35,455

$37,685

 

At March 31, 2014 and December 31, 2013, the Company has classified $7.7 million and $7.1 million respectively, of inventories, as non-current other assets. This inventory consists primarily of service components used to repair products pursuant to warranty obligations and extended service contracts, including service components for products we are not currently selling. Management believes that these inventories will be utilized for their intended purpose.