INVENTORIES

9 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories, net consisted of the following:

Dollars in thousands	September 30, 2023		December 31, 2022
Finished goods	$	182,066	$	172,088
Work in process	76,072		70,598
Raw materials	108,113		81,897
Total inventories, net	$	366,251	$	324,583

Boston Recall

In the nine months ended September 30, 2023, due to the Boston recall, the Company recorded a $24.6 million write off of inventory to cost of goods sold that was no longer able to be sold.

Inventory Write-off

There was a tornado that struck the LeLocle, Switzerland area on July 24, 2023. After review of the damage to the product caused by the tornado, it was determined that the inventory write-off was $0.8 million.