Inventories

9 Months Ended

Sep. 30, 2021

Inventory Disclosure [Abstract]

Inventories

InventoriesInventories, consisting primarily of finished goods and raw materials, are stated at the lower of cost or net realizable value. Cost is determined on an average cost basis. The Company reviews its inventory balances and writes down its inventory for estimated obsolescence or excess inventory equal to the difference between the cost of inventory and the estimated market value based upon assumptions about future demand and market conditions. The reserve for obsolescence was $10.3 million and

$13.3 million at September 30, 2021 and December 31, 2020, respectively.

Inventories, net as of September 30, 2021 and December 31, 2020 were comprised of the following: 

	September 30, 2021		December 31, 2020
	(in thousands)
Raw materials	$	33,387	$	33,361
Work in progress	517		367
Finished goods	19,426		17,952
Inventories	53,330		51,680
Reserve for obsolescence	(10,311)		(13,278)
Inventories, net	$	43,019	$	38,402