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Inventories
9 Months Ended
Sep. 30, 2023
Inventories  
Inventories

(2)  Inventories 

Inventories are stated at the lower of cost or net realizable value. Cost is determined by using the first-in, first-out method. The following table details the major components of inventories (in thousands):

 

 

 

September 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Raw materials

 

$37,890

 

 

$33,329

 

Work in process

 

 

17,036

 

 

 

13,618

 

Finished goods

 

 

28,020

 

 

 

18,846

 

Total inventories

 

$82,946

 

 

$65,793