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Inventories (Tables)

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Summary of 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

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	)

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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
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