INVENTORY

12 Months Ended

Dec. 31, 2023

INVENTORY

INVENTORY

3.INVENTORY

Inventories, net of reserves, consisted of the following:

	December 31,
(in thousands)	2023		2022
Chassis	$	29,748	$	18,604
Raw materials		89,048		75,934
Work in process		47,934		40,655
Finished goods		23,077		18,463
Total inventory	$	189,807	$	153,656

For the years ended December 31, 2023 and 2022, inventories presented in the consolidated balance sheets are net of inventory reserves of $5.6 million and $5.9 million, respectively.

The Company did not recognize any impairment of inventory.