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INVENTORIES, NET
3 Months Ended
Mar. 31, 2024
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
 
The following table reflects the components of inventory, net as of March 31, 2024 and December 31, 2023 (in thousands): 
 March 31, 2024December 31, 2023
Raw materials$18,872 $10,537 
Work-in-process2,452 2,239 
Finished goods17,278 24,910 
Total inventories, net$38,602 $37,686 
The Company writes down the value of inventory for potential excess or obsolete inventories based on an analysis of inventory on hand and projected demand. As of March 31, 2024 and December 31, 2023, inventory reserves were $7.3 million and $6.8 million, respectively.