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Inventory
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Inventory

8. INVENTORY

Inventory consisted of the following:

 

 

 

As of  March 31,

 

 

As of December 31,

 

(In thousands)

 

2021

 

 

2020

 

Raw materials

 

$

47,980

 

 

$

47,026

 

Work in process

 

 

1,820

 

 

 

776

 

Finished goods

 

 

73,062

 

 

 

77,655

 

Total inventory, net

 

$

122,862

 

 

$

125,457

 

 

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 consider historical usage, known trends, inventory age and market conditions. As of March 31, 2021 and December 31, 2020, inventory reserves were $41.7 million and $39.6 million, respectively.