Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.23.3
Inventories
9 Months Ended
Sep. 30, 2023
Inventory Disclosure [Abstract]  
Inventories InventoriesInventories consisted of the following:
(In thousands)
September 30, 2023 December 31, 2022
Finished Goods
$ 32,690  $ 30,703 
Work in Progress
34,532  29,895 
Raw Material
136,678  127,385 
$ 203,900  $ 187,983 
As further described in Note 1, as a result of a non-core contract manufacturing customer declaring bankruptcy in November 2023, we recorded a $3.6 million reduction in inventory in the three and nine months ended September 30, 2023 to reflect the inventory carried for this customer at its net realizable value.