December 31,

 

 

    

2016

    

2015

 

 

 

(in thousands)

 

Raw materials

 

$

80,503

 

$

72,070

 

Work in process

 

 

14,117

 

 

29,219

 

Finished goods (completed systems)

 

 

19,233

 

 

8,119

 

Inventories, net

 

$

113,853

 

$

109,408