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Inventories

6 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories, consisting primarily of finished goods and raw materials, are stated at the lower of cost or net realizable value. Cost is determined on an average cost basis. The Company reviews its inventory balances and writes down its inventory for estimated obsolescence or excess inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. The reserve for obsolescence was $5.5 million and $6.2 million at June 30, 2024 and December 31, 2023, respectively.

Inventories, net as of June 30, 2024 and December 31, 2023 were comprised of the following: 

			June 30, 2024						December 31, 2023
			(in thousands)
Raw materials			$	33,391					$	31,235
Work in progress			597						542
Finished goods			31,190						28,867
Inventories			65,178						60,644
Reserve for obsolescence			(5,468)						(6,158)
Inventories, net			$	59,710					$	54,486

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- References

No definition available.

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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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/330/tableOfContent

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