Annual report pursuant to Section 13 and 15(d)

Inventories

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Inventories
12 Months Ended
Dec. 31, 2012
Inventories [Abstract]  
INVENTORIES

NOTE 3 — INVENTORIES

Inventories at December 31 are as follows:

 

 

                 
(In thousands)            

Finished Goods

  $ 10,864     $ 7,420  

Work in Progress

    8,960       8,477  

Raw Material

    28,800       24,197  
   

 

 

   

 

 

 
    $ 48,624     $ 40,094  
   

 

 

   

 

 

 

At December 31, 2012, the Company’s reserve for inventory valuation was $12.0 million, or 19.8% of gross inventory. At December 31, 2011, the Company’s reserve for inventory valuation was $10.6 million, or 20.9% of gross inventory.