Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.7.0.1
Inventory
6 Months Ended
Jun. 30, 2017
Inventory Disclosure [Abstract]  
Inventory

Note 3. Inventory

Inventory is stated at the lower of cost (first-in, first-out) or net realizable value. The company records excess and obsolete inventory reserves.  The estimated reserve is based on specific identification of excess or obsolete inventories.

Inventory consisted of the following:

 

 

 

June 30, 2017

 

 

December 31, 2016

 

Raw materials and supplies

 

$

14,159

 

 

$

18,920

 

Work in process

 

 

90

 

 

 

165

 

Finished equipment and replacement parts

 

 

10,949

 

 

 

12,105

 

 

 

 

 

 

 

 

 

 

 

 

 

25,198

 

 

 

31,190

 

Less: Reserves for excess and obsolete

 

 

(421

)

 

 

(294

)

 

 

 

 

 

 

 

 

 

 

 

$

24,777

 

 

$

30,896