Table:
|  | As of December 31, |  |
| --- | --- | --- |
|  | 2019 | 2018 |
| Finished goods | $9,447 | $10,995 |
| Work-in-process | 14,954 | 12,129 |
| Raw materials | 23,363 | 25,746 |
| Less: Inventory reserves | (5,527) | (5,384) |
| Inventories, net | $42,237 | $43,486 |
Paragraphs:
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 4 — Inventories
Inventories consist of the following:
Question:
What was the percentage change in net inventories between 2018 and 2019?
Answer: (42237-43486)/43486 = -2.87