Inventories

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following (in thousands):

	December 31,
	2021		2020
Raw materials	$	50,452	$	26,800
Work-in-process	5,293		4,780
Finished goods	57,357		29,250
	$	113,102	$	60,830

The Company recorded provisions for excess and obsolete inventories of $2,573,000 and $9,908,000 in 2021 and 2020, respectively, which reduced the carrying value of the inventories to their net realizable value. The higher provisions in 2020 took into account the global economic conditions resulting from the COVID-19 pandemic.