Inventories

6 Months Ended

Jun. 30, 2022

Inventories

Inventories

Note 3. Inventories

The components of inventories are summarized below (in thousands):

	June 30,		December 31,
	2022		2021
Inventories:
Raw materials	$	38,463	$	29,658
Work in process		35,976		32,605
Finished goods		2,841		3,649
	$	77,280	$	65,912

As of June 30, 2022 and December 31, 2021, carrying values of inventories were net of inventory reserves of $22.1 million and $19.6 million, respectively, for excess and obsolete inventory and $135,000 and $66,000, respectively, for lower of cost or net realizable value reserves.