Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.23.3
INVENTORY
9 Months Ended
Sep. 30, 2023
INVENTORY  
INVENTORY

NOTE E — INVENTORY

Following are the major classes of inventory as of the below dates (in thousands):

    

September 30, 2023

    

December 31, 2022

Used serviceable materials

$

91,680

$

73,827

Work-in-process

20,113

16,659

Whole assets

215,032

93,044

$

326,825

183,530

Less short term

 

(200,807)

 

(117,488)

Long term

$

126,018

$

66,042

The Company recorded inventory scrap loss reserves of $0.5 million and $1.3 million for the three and nine months ended September 30, 2023, respectively.

The Company did not record an inventory reserve for the three and nine months ended September 30, 2023, and recorded an inventory reserve $1.8 million for the nine months ended September 30, 2022, due to the Company’s evaluation of the inventory’s net realizable value. Additions to inventory reserves are included in cost of products in the accompanying Condensed Consolidated Statements of Operations.