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Inventory
9 Months Ended
Sep. 30, 2022
Inventory Disclosure [Abstract]  
Inventory

(3) Inventory

 

Inventories are stated at the lower of cost or net realizable value. We apply net realizable value and obsolescence to the gross value of inventory. Cost is determined using the first-in, first-out or weighted-average cost methods for finished goods and work-in-process. Supplies and consumables consist principally of products used in the services provided to our customers. The components of inventory balances are as follows (in thousands):

 

 

 

September 30, 2022

 

 

 

December 31, 2021

 

 Finished goods

 

$

36,838

 

 

 

$

26,187

 

 Raw materials

 

 

9,562

 

 

 

 

9,753

 

 Work-in-process

 

 

5,398

 

 

 

 

4,253

 

 Supplies and consumables

 

 

18,164

 

 

 

 

20,410

 

 Total

 

$

69,962

 

 

 

$

60,603