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Note 7 - Inventories
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Inventory Disclosure [Text Block]

Note 7.  Inventories

Inventories, net of inventory write-downs, consist of the following for the periods indicated (in thousands):​

 

 

March 31, 2024

  

December 31, 2023

 

Raw materials

 $23,464  $22,128 

Work in process and sub-assemblies

  30,100   33,792 

Finished goods

  16,311   22,452 

Allowance for inventory

  (15,553)  (14,506)

Total inventories

 $54,322  $63,866 

 

For the three months ended March 31, 2024 and 2023, the inventory reserve adjustment expensed for inventory was $1.6 million, and $2.6 million, respectively.

 

For the three months ended March 31, 2024 and 2023, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $0.9 million and $3.8 million, respectively.