XML 24 R12.htm IDEA: XBRL DOCUMENT v3.24.3
Inventories, Net
 9 Months Ended
Sep. 30, 2024
Inventory Disclosure [Abstract]  
Inventories, Net Inventories, Net
The following table presents the Company’s inventories, net ($ in thousands):
September 30, 2024December 31, 2023
Finished goods22,460 22,702 
Raw materials15,397 17,655 
Work in progress1,691 4,470 
Inventories, net39,548 44,827 
The Company writes down inventory for any excess or obsolete inventories or when the Company believes that the net realizable value of inventories is less than the carrying value. The Company recorded write-downs in inventory, which were included in cost of product revenue, of an insignificant amount and $0.8 million in the three and nine months ended September 30, 2024, respectively, and $0.1 million and $0.7 million in the three and nine months ended September 30, 2023, respectively.