v3.26.1
INVENTORY
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORY INVENTORY
The components of inventory are as follows:
(in thousands)March 31, 2026December 31, 2025
Materials and supplies$12,665 $10,921 
Work in process38,965 34,530 
Finished goods35,519 39,256 
Total$87,149 $84,707 
Total compensation expense capitalized to inventory was $18,891 and $17,492 during the three months ended March 31, 2026 and 2025, respectively. At March 31, 2026 and December 31, 2025, $16,595 and $15,706, respectively, of compensation expense remained capitalized as part of inventory. The Company recognized, as a component of cost of goods sold, total write-downs related to net realizable value adjustments, expired products, and obsolete packaging totaling $644 and $1,774 during the three months ended March 31, 2026 and 2025, respectively. These amounts are included within “Other” on the unaudited Condensed Consolidated Statements of Cash Flows.