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):


	October 2, 2026			January 2, 2026
Raw materials and purchased parts	$	12,336		$	10,238
Work in process		6,649			8,514
Finished goods(1)		29,590			39,673
Total inventories, gross		48,575			58,425
Less inventory reserves		(3,558	)		(2,929	)
Total inventories, net	$	45,017		$	55,496

(1)

Finished goods inventory includes consigned inventory of $2,827,000 and $9,619,000 for October 2, 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.