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INVENTORY
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORY

5. INVENTORY:

Inventory consisted of the following (in thousands):

 

 

June 30, 2023

 

 

December 31, 2022

 

Raw materials

 

$

119,248

 

 

$

115,448

 

Work-in-process

 

 

6,152

 

 

 

7,626

 

Finished goods

 

 

50,455

 

 

 

60,146

 

Inventory

 

$

175,855

 

 

$

183,220

 

The Company recorded an increase in inventory reserve of $781,000 and $604,000 for the three months ended June 30, 2023 and 2022, respectively, and $4.1 million and $688,000 for the six months ended June 30, 2023 and 2022, respectively, due to excess inventory levels in certain products.