Inventories

9 Months Ended

Sep. 30, 2024

Inventories

Inventories

Note 3. Inventories

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

	September 30,		December 31,
	2024		2023
Inventories:
Raw materials	$	30,535	$	32,910
Work in process		52,676		50,008
Finished goods		2,898		3,585
	$	86,109	$	86,503

As of September 30, 2024 and December 31, 2023, carrying values of inventories were net of inventory reserves of $23.2 million and $21.9 million, respectively, for excess and obsolete inventory and $68,000 and $78,000, respectively, for lower of cost or net realizable value reserves.