INVENTORY

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

INVENTORY

8. INVENTORY

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

	As of December 31,
	2022		2021
	(in thousands)
Raw materials	$	59,181	$	58,822
Work in progress		269,185		230,194
Finished goods		38,147		26,717
Total inventory	$	366,513	$	315,733

No material inventory reserves existed as of December 31, 2022 or 2021. Non-current inventory, which consists of raw materials and work in progress, is included in other non-current assets in the Company's 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 December 31,
	2022		2021
	(in thousands)
Balance sheet classification
Inventory	$	203,968	$	186,212
Other non-current assets		162,545		129,521
Total inventory	$	366,513	$	315,733