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Inventory
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventory

Note 7 – Inventory

As of December 31, 2021 and 2020, inventory, net was comprised of the following:

 

(In thousands)

 

2021

 

 

2020

 

Raw materials

 

$

74,709

 

 

$

47,026

 

Work in process

 

 

2,143

 

 

 

776

 

Finished goods

 

 

63,039

 

 

 

77,655

 

Total Inventory, net

 

$

139,891

 

 

$

125,457

 

 

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, 2021 and 2020, our inventory reserve was $44.6 million and $39.6 million, respectively.