INVENTORIES
Inventory is composed of the following for the years ended:
|
| | | | | |
| December 31,
2017 | | December 31,
2016 |
| $ | | $ |
Raw materials | 36,396 |
| | 28,099 |
|
Work in process | 20,207 |
| | 18,635 |
|
Finished goods | 71,630 |
| | 56,736 |
|
| 128,233 |
| | 103,470 |
|
The Company recorded impairments of inventories to net realizable value in the Company’s consolidated earnings as an expense for each of the years in the three-year period ended December 31, 2017 as follows:
|
| | | | | | | | |
| 2017 | | 2016 | | 2015 |
| $ | | $ | | $ |
Recorded in manufacturing facility closures, restructuring and other related charges | 163 |
| | 1,420 |
| | 3,724 |
|
Recorded in cost of sales | 801 |
| | 2,019 |
| | 750 |
|
| 964 |
| | 3,439 |
| | 4,474 |
|
There were reversals of impairments of inventories to net realizable value in the Company’s consolidated earnings totalling $0.2 million during the year ended December 31, 2017 (nil during the years ended December 31, 2016 and 2015). Refer to Note 12 for information regarding impairments of inventories.
The amount of inventories included in the Company’s consolidated earnings as an expense for each of the years in the three-year period ended December 31, 2017 is as follows:
|
| | | | | | | | |
| 2017 | | 2016 | | 2015 |
| $ | | $ | | $ |
The amount of inventories recognized in earnings as an expense during the period | 642,586 |
| | 575,473 |
| | 569,374 |
|
