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Inventories
6 Months Ended
Jun. 30, 2024
Inventory, Net [Abstract]  
Inventories

Note 4. Inventories

Inventories as of June 30, 2024 and December 31, 2023, were comprised of the following:

 

 

June 30,
2024

 

 

December 31,
2023

 

Raw materials

 

$

144,085

 

 

$

127,126

 

Finished goods

 

 

118,468

 

 

 

144,407

 

Spare parts and other

 

 

136,962

 

 

 

142,628

 

 

 

$

399,515

 

 

$

414,161

 

 

For the three and six months ended June 30, 2024, there were no inventory impairment charges recorded.

 

For the three and six months ended June 30, 2023, as a result of low pulp prices and high per unit fiber costs for the Canadian mills, the Company recorded inventory impairment charges of $51,400 and $66,600, respectively, in “Cost of sales, excluding depreciation and amortization” in the Interim Consolidated Statements of Operations.