Inventories:

6 Months Ended

Jun. 30, 2026

Inventories

Inventories are stated at the lower of cost or net realizable value with cost determined using the first-in, first-out method. Inventory costs include material, labor and overhead related to the manufacturing of our products.

Inventories consist of the following (in thousands):


	As of
	June 30, 2026		December 31, 2025
Raw materials	$	271,832	$	265,383
Work in process	51,264		38,097
Finished goods	284,325		312,379
Total inventories	$	607,421	$	615,859

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As of June 30, 2026, approximately $2.0 million inventory account balances that are part of a disposal group that met the criteria for assets held for sale were combined with other disposal group assets and included in "Prepaid Expenses and Other Current Assets" in our condensed consolidated balance sheet (See Note 12: Prepaid Expenses and Other Current Assets).