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Inventory
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
Inventory

7. INVENTORY

As of March 31, 2020 and December 31, 2019, inventory consisted of the following:

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2020

 

 

2019

 

Raw materials

 

$

35,922

 

 

$

36,987

 

Work in process

 

 

778

 

 

 

1,085

 

Finished goods

 

 

62,815

 

 

 

60,233

 

Total inventory, net

 

$

99,515

 

 

$

98,305

 

 

Inventory reserves are established for estimated excess and obsolete inventory equal to the difference between the cost of the inventory and the estimated net realizable value of the inventory based on estimated reserve percentages, which consider historical usage, known trends, inventory age and market conditions. As of March 31, 2020 and December 31, 2019, inventory reserves were $35.0 million and $34.1 million, respectively.