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Inventory (Tables)
6 Months Ended
Jun. 30, 2023
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventory is stated at the lower of cost and net realizable value. Cost is determined using the first-in, first-out method. Inventory consisted of the following:

 

 

 

June 30,

 

 

December 31,

 

(In thousands)

 

2023

 

 

2022

 

Raw materials

 

$

57,867

 

 

$

61,064

 

Work in process

 

 

78,934

 

 

 

76,228

 

Finished goods(1)

 

 

52,571

 

 

 

44,126

 

Total inventory

 

$

189,372

 

 

$

181,418

 

 

(1)
At June 30, 2023 and December 31, 2022, the Company had $37.4 million and $30.9 million, respectively, of finished goods inventory located at its third-party warehouse and shipping service provider.