INVENTORY

3 Months Ended

Mar. 31, 2022

Inventory Disclosure [Abstract]

INVENTORY

7. INVENTORY

The following table summarizes the components of the Company’s inventory for the periods indicated:

	As of March 31, 2022		As of December 31, 2021
	(in thousands)
Raw materials	$	41,271	$	58,822
Work in progress		245,273		230,194
Finished goods		33,876		26,717
Total inventory	$	320,420	$	315,733

There were no material inventory reserves as of March 31, 2022 or December 31, 2021. Non-current inventory, which consists of raw materials and work in progress inventory, is included in other non-current assets in the Company's unaudited condensed consolidated balance sheets. Non-current inventory is anticipated to be consumed beyond our normal operating cycle.

The following table summarizes the balance sheet classification of the Company's inventory for each of the periods indicated:

	As of March 31, 2022		As of December 31, 2021
	(in thousands)
Balance sheet classification
Inventory	$	198,997	$	186,212
Other non-current assets		121,423		129,521
Total inventory	$	320,420	$	315,733