Inventories

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consist of the following (in thousands):

	December 31,
	2022		2021
Raw materials	$	72,241	$	85,470
Finished goods	169,192		127,598
Reserve for excess or obsolete inventory	(8,274)		(7,415)
Total	$	233,159	$	205,653

As of December 31, 2022, inventory valued using the average cost method and the FIFO method were $209.3 million and $23.8 million, respectively. No inventory was valued using the FIFO method as of December 31, 2021.

The following table presents the change in the inventory reserve balances (in thousands):

	December 31,
	2022		2021
Beginning balance	$	(7,415)	$	(6,425)
Increases	(4,044)		(1,766)
Write-offs	3,185		776
Ending balance	$	(8,274)	$	(7,415)