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Inventories | 6 Months Ended
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Jun. 30, 2022
Inventory Disclosure [Abstract] |
Inventories | 2. Inventories Inventories as of June 30, 2022 and December 31, 2021 consist of the following (in thousands):
|  | June 30, 2022 |  |  | December 31, 2021 |
Finished goods |  | $ | 5,397 |  |  | $ | 9,594 |
Semi-finished goods and work-in-process |  |  | 30,443 |  |  |  | 25,968 |
Raw materials |  |  | 10,305 |  |  |  | 9,443 |
Materials in-transit |  |  | 229 |  |  |  | 95 |
Less: inventory reserve |  |  | (10,206 | ) |  |  | (5,730 | )
Inventories, net |  | $ | 36,168 |  |  | $ | 39,370 |
Changes in inventory reserve for the three and six months ended June 30, 2022 and 2021 are as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |  |  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, 2022 |  |  | June 30, 2021 |
Beginning balance |  | $ | (5,555 | ) |  | $ | (5,730 | ) |  | $ | (6,281 | ) |  | $ | (5,901 | )
Change in reserve |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventory reserve charged to costs of sales |  |  | (6,093 | ) |  |  | (7,700 | ) |  |  | (3,186 | ) |  |  | (5,350 | )
Sale of previously reserved inventory |  |  | 872 |  |  |  | 2,324 |  |  |  | 1,343 |  |  |  | 1,977 |
|  |  | (5,221 | ) |  |  | (5,376 | ) |  |  | (1,843 | ) |  |  | (3,373 | )
Write off |  |  | 84 |  |  |  | 295 |  |  |  | 28 |  |  |  | 930 |
Translation adjustments |  |  | 486 |  |  |  | 605 |  |  |  | (5 | ) |  |  | 243 |
Ending balance |  | $ | (10,206 | ) |  | $ | (10,206 | ) |  | $ | (8,101 | ) |  | $ | (8,101 | )
Inventory reserve represents the Company’s best estimate in value lost due to excessive inventory level, physical deterioration, obsolescence, changes in price levels, or other causes based on individual facts and circumstances. Inventory reserve relates to inventory items including finished goods, semi-finished goods, work-in-process and raw materials. Write off of this reserve is recognized only when the related inventory has been disposed or scrapped.

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- References No definition available. + Details
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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI https://asc.fasb.org/topic&trid=2126998 + Details
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