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Inventory (Tables)
3 Months Ended
Mar. 31, 2024
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:

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2024

 

 

2023

 

Raw materials

 

$

76,563

 

 

$

71,416

 

Work in process

 

 

72,517

 

 

 

68,843

 

Finished goods(1)

 

 

49,289

 

 

 

46,147

 

Total inventory

 

$

198,369

 

 

$

186,406

 

 

(1)
At March 31, 2024 and December 31, 2023, the Company had $34.2 million and $33.9 million, respectively, of finished goods inventory located at its third-party warehouse and shipping service provider.