v3.24.2.u1
Inventory
6 Months Ended
Jun. 30, 2024
Inventory  
Inventory

5. Inventory

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Inventory as of June 30, 2024 and December 31, 2023 consisted of the following (in thousands):

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June 30,

    

December 31,

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2024

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2023

Raw materials and supplies - production locations

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$

536,835

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$

564,818

Raw materials and supplies - customer locations

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29,775

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20,751

Work-in-process

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144,544

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149,574

Finished goods

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228,380

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226,110

Inventory

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$

939,534

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$

961,253

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Inventory is comprised of raw materials, work-in-process, and finished goods. The Company had inventory reserves made up of excess and obsolete items and related lower of cost or net realizable value adjustments of $112.9 million and $85.2 million as of June 30, 2024 and December 31, 2023, respectively.