Quarterly report pursuant to Section 13 or 15(d)

Inventories

v2.4.0.6
Inventories
3 Months Ended
Jun. 30, 2012
Inventories [Abstract]  
Inventories
Note 5. Inventories

Inventories are stated at the lower of first-in, first-out (“FIFO”) cost or market value. The components of inventories are as follows:

 

                 
(in thousands)   June 30,
2012
    March 31,
2012
 

Raw material

  $ 5,940     $ 5,290  

Finished goods

    6,440       6,095  

Reserve for excess and obsolete inventory and net realizable value

    (2,006     (1,479
   

 

 

   

 

 

 

Total inventory

  $ 10,374     $ 9,906  
   

 

 

   

 

 

 

The increase in inventory reserves as of June 30, 2012 resulted from additional charges taken in the first quarter of fiscal year 2013 to reserve for excess inventory resulting from reduced T1 product demand in the Westell segment.