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INVENTORIES, NET
6 Months Ended
Jun. 30, 2024
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
 
The following table reflects the components of inventories, net as of June 30, 2024 and December 31, 2023 (in thousands): 
 June 30, 2024December 31, 2023
Raw materials$19,159 $10,537 
Work-in-process870 2,239 
Finished goods19,051 24,910 
Total inventories, net$39,080 $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 June 30, 2024 and December 31, 2023, inventory reserves were $6.1 million and $6.8 million, respectively.