Inventories (Tables)

6 Months Ended

Apr. 30, 2023

Inventories (current and long-term) as of April 30, 2023 and October 31, 2022 consisted of the following (in thousands):


	April 30,		October 31,
	2023		2022
Raw materials	$	39,261	$	30,624
Work-in-process ⁽¹⁾		55,582		67,834
Inventories		94,843		98,458
Inventories – current		(87,294)		(90,909)
Inventories – long-term ⁽²⁾	$	7,549	$	7,549

(1)

Work-in-process includes the standard components of inventory used to build the typical modules or module components that are intended to be used in future project asset construction or power plant orders or for use under the Company’s service agreements. Included in work-in-process as of April 30, 2023 and October 31, 2022 was $35.2 million and $54.0 million, respectively, of completed standard components and modules.

(2)	Long-term inventory includes modules that are contractually required to be segregated for use as exchange modules for specific project assets.