Inventories:

9 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

Inventories [Text Block]

Inventories

    Inventories are stated at the lower of cost or net realizable value with cost determined using the first-in, first-out method. Inventory costs include material, labor and overhead related to the manufacturing of our products.

Inventories consist of the following (in thousands): 

	As of
	September 30, 2023		December 31, 2022
Raw materials	$	298,753	$	286,964
Work in process	75,935		73,795
Finished goods	384,934		335,250
Total inventories	$	759,622	$	696,009

During the three and nine months ended September 30, 2023, we recorded a $6.3 million reserve to inventory related to certain product at the end of its life cycle due to the integration of acquired product with similar functionality. This adjustment was recorded to cost of goods sold in our condensed consolidated statement of operations.