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Inventory
12 Months Ended
Dec. 31, 2020
Inventory Disclosure [Abstract]  
Inventory

Note 7 – Inventory

As of December 31, 2020 and 2019, inventory, net was comprised of the following:

 

(In thousands)

 

2020

 

 

2019

 

Raw materials

 

$

47,026

 

 

$

36,987

 

Work in process

 

 

776

 

 

 

1,085

 

Finished goods

 

 

77,655

 

 

 

60,233

 

Total Inventory, net

 

$

125,457

 

 

$

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 December 31, 2020 and 2019, our inventory reserve was $39.6 million and $34.1 million, respectively.