XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.23.1

Inventories | 3 Months Ended
--- | ---
Mar. 31, 2023
Inventories [Abstract] |
Inventories | 2. Inventories Inventories as of March 31, 2023 and December 31, 2022 consist of the following (in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
Finished goods |  | $ | 5,523 |  |  | $ | 6,799 |
Semi-finished goods and work-in-process |  |  | 39,427 |  |  |  | 40,265 |
Raw materials |  |  | 6,351 |  |  |  | 7,460 |
Materials in-transit |  |  | — |  |  |  | 36 |
Less: inventory reserve |  |  | (14,941 | ) |  |  | (14,677 | )
Inventories, net |  | $ | 36,360 |  |  | $ | 39,883 |
Changes in inventory reserve for the three months ended March 31, 2023 and 2022 are as follows (in thousands):
|  | Three Months Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
Beginning balance |  | $ | (14,677 | ) |  | $ | (5,730 | )
Change in reserve |  |  |  |  |  |  |  |
Inventory reserve charged to costs of sales |  |  | (2,584 | ) |  |  | (1,607 | )
Sale of previously reserved inventory |  |  | 1,476 |  |  |  | 1,452 |
|  |  | (1,108 | ) |  |  | (155 | )
Write off |  |  | 415 |  |  |  | 211 |
Translation adjustments |  |  | 429 |  |  |  | 119 |
Ending balance |  | $ | (14,941 | ) |  | $ | (5,555 | )
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.

X
- References No definition available. + Details
Name: | us-gaap_InventoryDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_InventoryDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration