Inventory

3 Months Ended

Mar. 31, 2023

Inventory Disclosure [Abstract]

Inventory

7. INVENTORY

Inventory consisted of the following:

	As of		As of
(In thousands)	March 31, 2023		December 31, 2022
Raw materials	$	167,086	$	186,346
Work in process		7,383		12,087
Finished goods		241,822		229,098
Total inventory, net	$	416,291	$	427,531

Inventory reserves are established for estimated excess and obsolete inventory equal to the difference between the cost of the inventory and the estimated net realizable value of the inventory based on estimated reserve percentages, which considers historical usage, known trends, inventory age and market conditions. As of March 31, 2023 and December 31, 2022, inventory reserves were $73.3 million and $57.0 million, respectively.