INVENTORIES, NET |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES, NET | ||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORIES, NET | 8.INVENTORIES, NET Inventories, net consisted of the following:
The total excess and obsolete inventory reserve as of June 30, 2026 and December 31, 2025 was $11.0 million and $10.9 million, respectively. During the six months ended June 30, 2026, the Company recognized an increase of $0.9 million of its inventory reserve from the additional provision recorded during the period to reflect updated net realizable value estimates for slow-moving inventory components partially offset by the decreases of $0.8 million from sale and disposition of previously reserved items to third parties. |
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