Inventories

6 Months Ended

Jun. 30, 2024

Inventories

Inventories

Note 3. Inventories

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

	June 30,		December 31,
	2024		2023
Inventories:
Raw materials	$	28,939	$	32,910
Work in process		53,854		50,008
Finished goods		2,981		3,585
	$	85,774	$	86,503

As of June 30, 2024 and December 31, 2023, carrying values of inventories were net of inventory reserves of $23.1 million and $21.9 million, respectively, for excess and obsolete inventory and $161,000 and $78,000, respectively, for lower of cost or net realizable value reserves.