XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Inventories | 6 Months Ended
--- | ---
Jun. 30, 2024
Inventory Disclosure [Abstract] |
Inventories | Inventories Inventories consist of the following:
| June 30, 2024 |  | December 31, 2023
| (in thousands)
Raw materials | $ | 7,633 |  |  | $ | 9,116 |
Semi-finished goods | 2,663 |  |  | 1,343 |
Finished goods | 70,270 |  |  | 61,419 |
Subtotal | 80,566 |  |  | 71,878 |
Less: inventory reserve | (725) |  |  | (350) |
Total inventories | $ | 79,841 |  |  | $ | 71,528 |
The Company incurred inventory adjustments and write-off of $158,000 and $451,000 for the three and six months ended June 30, 2024, respectively. Similarly, the Company incurred inventory adjustments and write-off of $2,729,000 and $2,944,000 for the three and six months ended June 30, 2023, respectively. Included within the amount for both the three and six months ended June 30, 2023 was a $1,700,000 write-off of raw materials, as the Company disposed of certain machinery and equipment in executing the strategy to scale back production in certain locations. Inventory adjustments and write-offs are included in cost of goods sold on the accompanying condensed consolidated statements of income. See Note 12 — Impairment Expense and Loss on Disposal of Machinery for further discussion about the disposal of machinery.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration