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v3.23.1

Inventories (Tables) | 3 Months Ended
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Mar. 31, 2023
Inventories [Abstract] |
Summary of 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 | 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 | )

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