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Inventories
 12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories Inventories
As of December 31, 2023 and 2022, inventories consisted of the following:
(in thousands)
December 31, 2023December 31, 2022
Raw materials
$79,611 $74,631 
Work in process
67,743 50,516 
Finished goods
22,213 13,903 
Total inventories
$169,567 $139,050 
On August 31, 2023, the Company completed the acquisition of Heimbach. Included in the fair value of assets acquired was $41.9 million of inventories. See Note 24, Business Combination, of the Notes to the Consolidated Financial Statements for additional information.