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Inventories, net
9 Months Ended
Sep. 30, 2023
Inventory Disclosure [Abstract]  
Inventories, net

8. Inventories, net

Inventories consist of the following:

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

 

 

(In thousands)

 

Raw materials and supplies, net

 

$

34,057

 

 

$

21,956

 

Work in progress, net

 

 

34,056

 

 

 

38,263

 

Finished goods, net

 

 

115,137

 

 

 

85,785

 

Total inventory, net

 

$

183,250

 

 

$

146,004

 

 

As of September 30, 2023, inventory values of raw materials, work in progress and finished goods have been reduced by approximately $7.6 million, $2.8 million and $62.1 million, respectively, by a reserve for slow moving and excess inventory, and as of December 31, 2022 inventory values of raw materials, work in progress and finished goods have been reduced by approximately $8.1 million, $3.4 million and $64.4 million, respectively by a reserve for slow moving and excess inventory.