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Inventories
12 Months Ended
Dec. 31, 2024
Inventories  
Inventories

Note 3. Inventories

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

December 31, 

December 31, 

    

2024

    

2023

 

Inventories:

Raw materials

$

31,743

$

32,910

Work in process

 

50,779

 

50,008

Finished goods

 

2,555

 

3,585

$

85,077

$

86,503

As of December 31, 2024 and 2023, carrying values of inventories were net of inventory reserves of $24.1 million and $21.9 million, respectively, for excess and obsolete inventory and $73,000 and $78,000, respectively, for lower of cost or net realizable value reserves.