ACCOUNTS RECEIVABLE, NET, AND INVENTORIES

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

ACCOUNTS RECEIVABLE, NET, AND INVENTORIES

ACCOUNTS RECEIVABLE, NET, AND INVENTORIES

Accounts receivable, net comprised the following:

	March 31, 2024		December 31, 2023
Trade accounts receivable	$	22,176	$	16,740
Allowance for doubtful accounts	(784)		(920)
Other receivables	1,076		1,070
Total accounts receivable, net	$	22,468	$	16,890

The change in the allowance for doubtful accounts consisted of the following:

	Three months ended March 31,
	2024		2023
Beginning balance	$	(920)	$	(1,556)
Changes in estimates	(124)		(108)
Write-offs	229		130
Collections/Other	31		370
Ending balance	$	(784)	$	(1,164)

Inventories comprised the following:

	March 31, 2024		December 31, 2023
Finished goods	$	57,525	$	58,346
Work-in-process	3,324		3,891
Raw materials	20,830		23,256
Allowance for inventory obsolescence	(9,364)		(10,139)
Total inventories	$	72,315	$	75,354

Inventories are stated at the lower of cost or net realizable value, and the Company maintains an allowance for excess and obsolete inventory that is based upon assumptions about future demand and market conditions. The allowance for excess and obsolete inventory is subject to change from period to period based on a number of factors including sales of products, changes in estimates, and disposals.