Inventories

3 Months Ended

Mar. 31, 2023

Inventories

Inventories

Note 3. Inventories

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

	March 31,		December 31,
	2023		2022
Inventories:
Raw materials	$	41,543	$	46,476
Work in process		46,943		39,956
Finished goods		3,192		3,197
	$	91,678	$	89,629

As of March 31, 2023 and December 31, 2022, carrying values of inventories were net of inventory reserves of $25.9 million and $24.7 million, respectively, for excess and obsolete inventory and $50,000 and $47,000, respectively, for lower of cost or net realizable value reserves.