Inventories

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following (in thousands):

	March 31, 2024		December 31, 2023
Raw materials	$	46,723	$	86,614
Finished goods	131,972		75,350
Inventories	$	178,695	$	161,964

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 March 31, 2024, inventory valued using moving average cost and FIFO was $141.4 million and $37.3 million, respectively. As of December 31, 2023, inventory valued using moving average cost and FIFO, was $129.5 million and $32.5 million, respectively.