Inventory

6 Months Ended

Jun. 30, 2026

6. INVENTORY

As of June 30, 2026 and December 31, 2025, inventory, net was comprised of the following:


	As of		As of
(In thousands)	June 30, 2026		December 31, 2025
Raw materials	$	81,534	$	78,230
Work in process		15,192		12,801
Finished goods		112,052		124,705
Total inventory, net	$	208,778	$	215,736

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.