Inventories

9 Months Ended

Sep. 30, 2022

Inventories

Inventories

Note 3. Inventories

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

	September 30,		December 31,
	2022		2021
Inventories:
Raw materials	$	44,145	$	29,658
Work in process		40,491		32,605
Finished goods		3,860		3,649
	$	88,496	$	65,912

As of September 30, 2022 and December 31, 2021, carrying values of inventories were net of inventory reserves of $23.0 million and $19.6 million, respectively, for excess and obsolete inventory and $42,000 and $66,000, respectively, for lower of cost or net realizable value reserves.