XML 23 R16.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Inventories
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
Inventories

7. Inventories

Inventories consist of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(In thousands)

 

Raw materials and supplies

 

$

35,465

 

 

$

34,950

 

Work in progress

 

 

31,226

 

 

 

33,911

 

Finished goods

 

 

138,042

 

 

 

125,732

 

Total inventory

 

$

204,733

 

 

$

194,593

 

 

As of June 30, 2024, the inventory values of raw materials, work in progress and finished goods have been reduced by a reserve for slow moving, excess and obsolete inventories of $6.2 million, $3.3 million and $58.6 million, respectively. As of December 31, 2023 the inventory values of raw materials, work in progress and finished goods have been reduced by a reserve for slow moving, excess and obsolete inventories of $8.3 million, $2.7 million and $55.2 million, respectively.