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Inventories
9 Months Ended
Sep. 30, 2024
Inventories  
Inventories

Note 11. Inventories

Inventories consist of the following:

September 30, 

December 31, 

 

2024

2023

 

(in thousands)

 

Raw materials and supplies

    

$

60,536

    

$

50,082

Work in process

 

36,016

 

30,822

Finished goods

 

33,764

 

24,929

Total inventories

$

130,316

$

105,833

Charges of $0.9 million and $10.1 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, 2024, respectively, to adjust the Company’s inventory and related firm purchase commitments to its net realizable value. For the three months ended September 30, 2023, the Company had an immaterial amount that was included in cost of revenues to adjust the Company’s inventory and related firm purchase commitments to its net realizable value. For the nine months ended September 30, 2023, charges of $9.6 million were included in the cost of revenues to adjust the Company’s inventory and related firm purchase commitments to its net realizable value.