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INVENTORY
 3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
The components of inventory are as follows:
(in thousands)March 31, 2024December 31, 2023
Materials and supplies$16,023 $16,824 
Work in process42,930 36,612 
Finished goods47,866 41,858 
Total$106,819 $95,294 
Total compensation expense capitalized to inventory was $20,344 and $17,121 during the three months ended March 31, 2024 and 2023, respectively. At March 31, 2024 and December 31, 2023, $16,750 and $13,730, respectively, of compensation expense remained capitalized as part of inventory. The Company recognized, as a component of cost of goods sold, total write-downs of $474 and $3,942 during the three months ended March 31, 2024 and 2023, respectively, related to net realizable value adjustments, expired products, and obsolete packaging. These amounts are included within “Other” on the unaudited Condensed Consolidated Statements of Cash Flows.