INVENTORY
3 Months Ended
Mar. 31, 2015
INVENTORY  
INVENTORY

6. INVENTORY

 

Inventory is stated at the lower of cost or market value. Cost is determined using the first-in, first-out method. Inventory consisted of the following:

   

 

 

 

 

 

 

 

    

March 31,

    

December 31,

(In thousands)

 

2015

 

2014

Raw materials

 

$

19,337 

 

$

21,101 

Work in process

 

 

15,195 

 

 

14,824 

Finished goods

 

 

14,607 

 

 

15,432 

Total inventory

 

$

49,139 

 

$

51,357