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INVENTORY
12 Months Ended
Dec. 31, 2024
INVENTORY  
INVENTORY

3.INVENTORY

Inventories, net of reserves, consisted of the following:

December 31,

(in thousands)

    

2024

    

2023

Chassis

$

36,930

$

29,748

Raw materials

 

77,358

 

89,048

Work in process

 

48,251

 

47,934

Finished goods

 

23,630

 

23,077

Total Inventory

$

186,169

$

189,807

For the years ended December 31, 2024 and 2023, inventories presented in the consolidated balance sheets are net of inventory reserves of $5.2 million and $5.6 million, respectively.

The Company did not recognize any impairment of inventory.