XML 27 R14.htm IDEA: XBRL DOCUMENT v3.22.1
Inventory
 3 Months Ended
Mar. 31, 2022
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:

 

 

 

March 31,

 

 

December 31,

 

(In thousands)

 

2022

 

 

2021

 

Raw materials

 

$

51,430

 

 

$

56,125

 

Work in process

 

 

64,385

 

 

 

59,105

 

Finished goods(1)

 

 

38,971

 

 

 

35,105

 

Total inventory

 

$

154,786

 

 

$

150,335

 

 

 

(1)

At March 31, 2022 and December 31, 2021, the Company had $34.4 million and $25.1 million, respectively, of finished goods inventory located at its third-party warehouse and shipping service provider.