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Inventory
3 Months Ended
Mar. 31, 2018
Inventory Disclosure [Abstract]  
Inventory

9. INVENTORY

At March 31, 2018 and December 31, 2017, inventory consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2018

 

 

2017

 

Raw materials

 

$

45,772

 

 

$

44,185

 

Work in process

 

 

2,242

 

 

 

1,939

 

Finished goods

 

 

72,007

 

 

 

76,418

 

Total

 

$

120,021

 

 

$

122,542

 

 

We establish reserves for estimated excess, obsolete, or unmarketable inventory equal to the difference between the cost of the inventory and the estimated fair value of the inventory based upon assumptions about future demand and market conditions. At March 31, 2018 and December 31, 2017, raw materials reserves totaled $15.2 million and $15.0 million, respectively, and finished goods inventory reserves totaled $8.9 million and $8.3 million, respectively.