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

4. Inventory

 

The Company’s inventory consisted of the following as of March 31, 2024 and December 31, 2023 (in thousands):

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

Raw materials

 

$

42,089

 

 

$

32,724

 

Semi-finished goods

 

 

106,161

 

 

 

82,924

 

Finished goods

 

 

13,033

 

 

 

30,714

 

Total Inventory

 

$

161,283

 

 

$

146,362

 

 

Inventory amounts written down as a result of excess, obsolete, unmarketability or other reasons are charged to cost of sales. The Company's reserve for excess and obsolete inventory was $7.9 million and $9.3 million as of March 31, 2024 and December 31, 2023, respectively.