INVENTORY

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

INVENTORY

7. INVENTORY

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

	As of March 31, 2023		As of December 31, 2022
	(in thousands)
Raw materials	$	84,475	$	59,181
Work in progress		239,657		269,185
Finished goods		42,687		38,147
Total inventory	$	366,819	$	366,513

No material inventory reserves existed as of March 31, 2023 or December 31, 2022. Non-current inventory consists of raw materials and work in progress and is anticipated to be consumed beyond the Company's 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, 2023		As of December 31, 2022
	(in thousands)
Balance sheet classification
Inventory	$	202,675	$	203,968
Non-current inventory		164,144		162,545
Total inventory	$	366,819	$	366,513