v3.25.2
Inventory
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Inventory

NOTE 5. INVENTORY

A summary of inventory as of June 30, 2025 and December 31, 2024 is as follows:

(in thousands)

 

June 30,
2025

 

 

December 31,
2024

 

Raw materials

 

$

39,720

 

 

$

53,586

 

Work in progress

 

 

19,835

 

 

 

24,080

 

Finished goods

 

 

218,940

 

 

 

193,507

 

Inventory, net

 

$

278,495

 

 

$

271,173

 

 

All amounts in the table above are reported net of obsolescence reserves of $125.0 million and $169.5 million as of June 30, 2025 and December 31, 2024, respectively.