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Inventory
 6 Months Ended
Jun. 30, 2020
Inventory Disclosure [Abstract]  
Inventory

6. INVENTORY

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)

 

2020

 

 

2019

 

Raw materials

 

$

42,978

 

 

$

34,577

 

Work in process

 

 

43,010

 

 

 

54,061

 

Finished goods(1)

 

 

30,470

 

 

 

13,165

 

Total inventory

 

$

116,458

 

 

$

101,803

 

 

 

(1)

At June 30, 2020 and December 31, 2019, the Company had $28.6 million and $7.6 million, respectively, of finished goods inventory located at its third-party warehouse and shipping service provider.