Inventories

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories     

Inventories consist of the following (in thousands):

	December 31,
	2023		2022
Raw materials	$	86,614	$	66,574
Finished goods	75,350		166,585
Total	$	161,964	$	233,159

The Company values a portion of its inventory using the moving average cost method that approximates the First In, First Out method (“FIFO”). As of December 31, 2023, inventory valued using moving average cost and FIFO was $129.5 million and $32.5 million, respectively. As of December 31, 2022, inventory valued using moving average cost and FIFO, was $209.3 million and $23.8 million, respectively.