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Inventories
12 Months Ended
Dec. 31, 2023
Inventories  
Inventories

Note 6 — Inventories

Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Inventories consist of the following:

December 31,

December 31,

    

2023

    

2022

(in thousands)

Materials

$

139,884

$

134,940

Work-in-process

 

71,278

 

68,765

Finished goods

 

6,183

 

1,513

Evaluation inventory

20,290

1,690

Total

$

237,635

$

206,908