| OTHER BALANCE SHEET DETAILS |
OTHER BALANCE SHEET DETAILS Inventory The components of inventory are summarized as follows: | | | | | | | | | | | | | (In thousands) | As of June 30, 2024 | | As of December 31, 2023 | | Raw materials | $ | 26,021 | | | $ | 23,346 | | Work in process | 66,535 | | | 76,963 | | | Finished goods | 27,855 | | | 25,123 | | Total inventory | $ | 120,411 | | | $ | 125,432 | |
As of June 30, 2024 and December 31, 2023, we had $36.4 million and $36.3 million of long-term inventory, respectively, included within other assets in our condensed consolidated balance sheets as we anticipate it being consumed beyond our normal operating cycle. Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within our condensed consolidated balance sheets that sum to the total of these amounts shown in the condensed consolidated statements of cash flows: | | | | | | | | | | | | | As of June 30, | | (In thousands) | 2024 | | 2023 | | Cash and cash equivalents | $ | 968,492 | | | $ | 657,800 | | | Total restricted cash included in other assets | 2,701 | | | 2,176 | | Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows | $ | 971,193 | | | $ | 659,976 | |
Accumulated Other Comprehensive (Loss) Income The following tables summarize the changes in accumulated other comprehensive (loss) income, by component: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Loss on Investment in Joint Venture | | Defined Benefit Pension Plans | | Unrealized (Losses) Gains from Debt Securities | | Foreign Currency Translation Adjustment | | Total Accumulated Other Comprehensive Loss | | Balance as of December 31, 2023 | $ | (32,792) | | | $ | (2,753) | | | $ | 1,548 | | | $ | 10,622 | | | $ | (23,375) | | Other comprehensive loss before reclassifications | — | | | — | | | (4) | | | (7,030) | | | (7,034) | | Amounts reclassified from other comprehensive loss | — | | | 63 | | | (4,291) | | | — | | | (4,228) | | Net other comprehensive loss | — | | | 63 | | | (4,295) | | | (7,030) | | | (11,262) | | | Balance as of June 30, 2024 | $ | (32,792) | | | $ | (2,690) | | | $ | (2,747) | | | $ | 3,592 | | | $ | (34,637) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (In thousands) | Loss on Investment in Joint Venture | | Defined Benefit Pension Plans | | Unrealized (Losses) Gains from Debt Securities | | Foreign Currency Translation Adjustment | | Total Accumulated Other Comprehensive Loss | | Balance as of December 31, 2022 | $ | (32,792) | | | $ | (1,092) | | | $ | (9,470) | | | $ | (1,300) | | | $ | (44,654) | | Other comprehensive income before reclassifications | — | | | — | | | (11) | | | 5,483 | | | 5,472 | | Amounts reclassified from other comprehensive income | — | | | (9) | | | 2,111 | | | — | | | 2,102 | | Net other comprehensive income | — | | | (9) | | | 2,100 | | | 5,483 | | | 7,574 | | | Balance as of June 30, 2023 | $ | (32,792) | | | $ | (1,101) | | | $ | (7,370) | | | $ | 4,183 | | | $ | (37,080) | |
Amounts reclassified out of accumulated other comprehensive (loss) income relate to settlements of marketable debt securities and amortization of our pension obligation which are recorded within other expense, net in the condensed consolidated statements of operations and comprehensive loss.
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