Note 7 - Inventories

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 7.  Inventories

Inventories, net of inventory write-downs, consist of the following for the periods indicated (in thousands):​

	September 30, 2024			December 31, 2023
Raw materials	$	33,154		$	22,128
Work in process and sub-assemblies		30,650			33,792
Finished goods		16,196			22,452
Allowance for inventory		(15,618	)		(14,506	)
Total inventories	$	64,382		$	63,866

For the three months ended September 30, 2024 and 2023, the inventory reserve adjustment expensed for inventory was $0.7 million and $2.4 million, respectively. For nine months ended  September 30, 2024 and 2023, the inventory reserve adjustment expensed for inventory was $2.4 million and $7.5 million, respectively.

For the three months ended September 30, 2024 and 2023, the direct inventory write-offs related to scrap, discontinued products and damaged inventories were $0.7 million and $1.5 million, respectively. For the nine months ended September 30, 2024 and 2023, the direct inventory write-offs related to scrap, discontinued products and damaged inventories were $2.4 million and $8.4 million, respectively.