Inventories (Notes)

12 Months Ended

Dec. 31, 2019

5. Inventories

Inventories consisted of the following:



	December 31,
(in thousands)	2019		2018
Raw materials	$	24,727	$	6,214
Work in process	3,700		549
Finished goods	11,346		12,179
Total inventories	$	39,773	$	18,942

As of December 31, 2019 and 2018, the Company deferred approximately $0.1 million and $0.5 million, respectively, of costs associated with inventory transfers made under the Company’s third-party logistic provider service arrangement. These costs have been recorded as Prepaid and other current assets on the Company’s Consolidated Balance Sheets as of December 31, 2019 and 2018. The Company will recognize the cost of product sold as inventory is transferred from its third-party logistics provider to the Company’s customers.

During the years ended December 31, 2019 and 2018, the Company recognized reductions in the inventory reserve of $0.3 million and $1.2 million. During the year ended December 31, 2017, the Company recognized an inventory write-down of $2.0 million, related to the Noden Products that the Company determined it would not be able to sell prior to their expiration.