INVENTORY |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| INVENTORY | INVENTORY Inventory consists of the following (in thousands):
The balance of the Company’s inventory was written down by $7.2 million and $7.0 million from its cost to its net realizable value as of June 30, 2026 and December 31, 2025, respectively. Additionally, the Company has lower of cost or net realizable value (“LCNRV”) losses related to noncancellable purchase commitments which were $0.1 million as of both June 30, 2026 and December 31, 2025. These LCNRV losses related to noncancellable purchase commitments are reflected in the other component of accrued and other liabilities on the condensed consolidated balance sheets. For further details, refer to Note 9, Commitments and Contingencies.
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