Note 7 - Inventories |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | ||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Text Block] |
Note 7. Inventories Inventories, net of inventory write-downs, consist of the following for the periods indicated (in thousands):
The lower of cost or market adjustment expensed for inventory for the three months ended September 30, 2022 and 2021 was $1.4 million and $1.1 million, respectively. The lower of cost or market adjustment expensed for inventory for the nine months ended September 30, 2022 and 2021 was $3.9 million and $3.3 million, respectively.
For the three months ended September 30, 2022 and 2021, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $1.1 million and $4.2 million, respectively. For the nine months ended September 30, 2022 and 2021, the direct inventory write-offs related to scrap, discontinued products, and damaged inventories were $3.8 million and $15 million, respectively. |
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