INVENTORIES

6 Months Ended

Jun. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 8. INVENTORIES

Inventories consisted of the following at June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023		December 31, 2022
Raw materials (1)	$	107,110	$	105,975
Work-in-process (1)	51,889		43,057
Finished goods (1)	115,536		125,467
Total	$	274,535	$	274,499

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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 June 30, 2023 and December 31, 2022, $22.5 million and $23.0 million, respectively, of noncurrent inventory was included in Other assets in the Condensed Consolidated Balance Sheets. As of June 30, 2023 and December 31, 2022, the Company’s Condensed Consolidated Balance Sheets included approximately $11.1 million and $5.8 million, respectively, of capitalized pre-launch inventories related to products that were not yet available to be sold.