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INVENTORY
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORY
5.
INVENTORY:

Inventory consisted of the following (in thousands):

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Raw materials

 

$

144,300

 

 

$

106,795

 

Work-in-process

 

 

24,102

 

 

 

16,374

 

Finished goods

 

 

72,510

 

 

 

59,769

 

Inventory

 

$

240,912

 

 

$

182,938

 

 

The increase in inventory during the year ended December 31, 2025 was primarily due to purchases of certain strategic raw materials. The Company recorded an increase in its inventory reserves of $376,000, $3.1 million and $8.5 million for the years ended December 31, 2025, 2024 and 2023, respectively, due to excess inventory levels in certain products.