Inventories

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following:

	December 31, 2024		December 31, 2023
	(in thousands)
Raw materials	$	6,640	$	9,116
Semi-finished goods	1,885		1,343
Finished goods	62,837		61,419
Subtotal	71,362		71,878
Less: inventory reserve	(640)		(350)
Total inventories	$	70,722	$	71,528

The Company incurred inventory adjustments and write-offs of $1,458,000 and $3,897,000 for the year ended December 31, 2024 and 2023, respectively. Included within the amount for the year ended December 31, 2023 was a $1,710,000 write-off of raw materials, as the Company disposed of certain machinery and equipment in executing the strategy to scale back production in certain locations. Inventory adjustments and write-offs are included in cost of goods sold on the accompanying consolidated statements of income.