INVENTORIES

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 8. INVENTORIES

Inventories consisted of the following at December 31, 2022 and December 31, 2021 (in thousands):

	December 31, 2022		December 31, 2021
Raw materials (1)	$	105,975	$	90,453
Work-in-process (1)	43,057		82,728
Finished goods (1)	125,467		110,371
Total	$	274,499	$	283,552

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(1)The components of inventory shown in the table above are net of allowances.

Inventory in excess of the amount expected to be sold within one year is classified as noncurrent inventory and is not included in the table above. At December 31, 2022 and December 31, 2021, $23.0 million and $10.7 million, respectively, of noncurrent inventory was included in Other assets in the Consolidated Balance Sheets. As of December 31, 2022 and December 31, 2021, the Company’s Consolidated Balance Sheets included approximately $5.8 million and $12.2 million, respectively, of capitalized pre-launch inventories related to products that were not yet available to be sold.