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INVENTORY
3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORY

5. INVENTORY:

Inventory consisted of the following (in thousands):

 

 

March 31, 2024

 

 

December 31, 2023

 

Raw materials

 

$

108,681

 

 

$

113,400

 

Work-in-process

 

 

13,605

 

 

 

9,433

 

Finished goods

 

 

50,619

 

 

 

52,962

 

Inventory

 

$

172,905

 

 

$

175,795

 

The Company recorded an increase in its inventory reserves of none and $3.3 million for the three months ended March 31, 2024 and 2023, respectively, due to excess inventory levels in certain products.