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Inventories
9 Months Ended
Sep. 30, 2023
Inventories  
Inventories

Note 3. Inventories

The components of inventories are summarized below (in thousands):

September 30, 

December 31, 

    

2023

    

2022

 

Inventories:

Raw materials

$

34,955

$

46,476

Work in process

 

47,649

 

39,956

Finished goods

 

3,779

 

3,197

$

86,383

$

89,629

As of September 30, 2023 and December 31, 2022, carrying values of inventories were net of inventory reserves of $24.7 million and $24.7 million, respectively, for excess and obsolete inventory and $127,000 and $47,000, respectively, for lower of cost or net realizable value reserves.