INVENTORY

9 Months Ended

Sep. 30, 2023

Inventory Disclosure [Abstract]

INVENTORY

5. INVENTORY:

Inventory consisted of the following (in thousands):

	September 30, 2023		December 31, 2022
Raw materials	$	120,096	$	115,448
Work-in-process		7,494		7,626
Finished goods		53,816		60,146
Inventory	$	181,406	$	183,220

The Company recorded an increase in inventory reserve of $2.5 million and $1.7 million for the three months ended September 30, 2023 and 2022, respectively, and $6.6 million and $2.4 million for the nine months ended September 30, 2023 and 2022, respectively, due to excess inventory levels in certain products.