INVENTORY

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORY

5. INVENTORY:

Inventory consisted of the following (in thousands):

	March 31, 2023		December 31, 2022
Raw materials	$	115,445	$	115,448
Work-in-process		3,770		7,626
Finished goods		55,030		60,146
Inventory	$	174,245	$	183,220

The Company recorded an increase in inventory reserve of $3.3 million and $84,000 for the three months ended March 31, 2023 and 2022, respectively, due to excess inventory levels in certain products.