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Inventories
9 Months Ended
Sep. 30, 2021
Inventories  
Inventories

Note 11. Inventories

Inventories consist of the following:

September 30, 

December 31, 

 

2021

2020

 

(in thousands)

 

Raw materials and supplies

    

$

45,752

    

$

47,051

Work in process

 

37,555

 

37,257

Finished goods

 

16,933

 

12,523

Total inventories

$

100,240

$

96,831

Charges of $6.1 million and $17.0 million were included in the cost of revenues in the Company’s condensed consolidated statements of operations for the three and nine months ended September 30, 2021, respectively, to adjust the Company’s inventory and related firm purchase commitments to their net realizable value. For the three and nine months ended September 30, 2020, charges of $2.5 million and $12.7 million were included in the cost of revenues, respectively, to adjust the Company’s inventory and related firm purchase commitments to their net realizable value.

Losses on firm purchase commitments related to raw materials on order were $3.5 million and $4.2 million as of September 30, 2021 and 2020, respectively.