|
Inventories (short and long-term) as of October 31, 2020 and 2019 consisted of the following (in thousands):
|
|
|
2020 |
|
|
2019 |
|
|
Raw materials |
|
$ |
21,726 |
|
|
$ |
25,466 |
|
|
Work-in-process (1) |
|
|
38,231 |
|
|
|
31,228 |
|
|
Inventories |
|
|
59,957 |
|
|
|
56,694 |
|
|
Inventories - short-term |
|
|
(50,971 |
) |
|
|
(54,515 |
) |
|
Inventories - long-term (2) |
|
$ |
8,986 |
|
|
$ |
2,179 |
|
|
(1) |
Work-in-process includes the standard components of inventory used to build the typical modules or module components that are intended to be used in future project asset construction or power platform orders or for use under the Company’s service agreements. Included in work-in-process as of October 31, 2020 and 2019 was $19.6 million and $23.5 million, respectively, of completed standard components and modules. |
|
(2) |
Long-term inventory includes modules that are contractually required to be segregated for use as replacement modules for specific project assets. |
|