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Inventories
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventories

G. INVENTORIES

Inventories, net consisted of the following at June 30, 2024, and December 31, 2023:

 

 

 

June 30,
2024

 

 

December 31,
2023

 

 

 

(in thousands)

 

Raw material

 

$

223,525

 

 

$

258,422

 

Work-in-process

 

 

43,493

 

 

 

26,851

 

Finished goods

 

 

21,730

 

 

 

24,701

 

Total inventories, net (1)

 

$

288,748

 

 

$

309,974

 

 

(1)
Inventories, net at December 31, 2023, excludes $18.0 million of primarily work-in-process inventories, net classified as assets held for sale. See Note E: "Dispositions" for additional information.
Inventory reserves at June 30, 2024, and December 31, 2023, were $134.0 million and $136.0 million, respectively.