Inventories, net are stated at the lower of cost and net realizable value, determined on a first-in, first-out basis and consisted of the following (in thousands):


	July 3, 2026			January 2, 2026
Raw materials and purchased parts	$	11,030		$	10,238
Work in process		7,310			8,514
Finished goods(1)		31,192			39,673
Total inventories, gross		49,532			58,425
Less inventory reserves		(2,695	)		(2,929	)
Total inventories, net	$	46,837		$	55,496

(1)

Finished goods inventory includes consigned inventory of $4,437,000 and $9,619,000 for July 3, 2026 and January 2, 2026, respectively. See also Note 14 – Disaggregation of Sales, Geographic Sales and Product Sales to the Condensed Consolidated Financial Statements for further details.