Quarterly report pursuant to Section 13 or 15(d)

INVENTORY

v3.22.2
INVENTORY
6 Months Ended
Jun. 30, 2022
INVENTORY  
INVENTORY

NOTE E — INVENTORY

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

    

June 30, 2022

    

December 31, 2021

Used serviceable materials

$

58,162

$

65,496

Work-in-process

22,696

12,462

Whole assets

60,552

81,335

$

141,410

159,293

Less short term

 

(74,327)

 

(81,759)

Long term

$

67,083

$

77,534

The Company recorded an inventory reserve of $1.8 million for the three and six months ended June 30, 2022, and an inventory reserve of $4.8 million for the three and six months ended June 30, 2021, due to the Company’s evaluation of the inventory’s net realizable value. These amounts are included in cost of products in the accompanying Condensed Consolidated Statements of Operations.