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INVENTORY
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
INVENTORY
5.
INVENTORY:

Inventory consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Raw materials

 

$

113,400

 

 

$

115,448

 

Work-in-process

 

 

9,433

 

 

 

7,626

 

Finished goods

 

 

52,962

 

 

 

60,146

 

Inventory

 

$

175,795

 

 

$

183,220

 

 

The Company recorded an inventory reserve of $8.5 million, $3.6 million and $3.6 million for the years ended December 31, 2023, 2022 and 2021, respectively, due to excess inventory levels in certain products.