MILLER INDUSTRIES INC TN
For the period ended Dec 31, 2023. Filed Mar 6, 2024.
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FY2023 · Filed Mar 6, 2024
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Inventory
**3.**INVENTORY
Inventories, net of reserves, consisted of the following:
| · · · · · · | ||||
|---|---|---|---|---|
| · · December 31, | ||||
| (in thousands) · 2023 · 2022 | ||||
| Chassis | | $29,748 | | $18,604 |
| Raw materials | | 89,048 | | 75,934 |
| Work in process | | 47,934 | | 40,655 |
| Finished goods | | 23,077 | | 18,463 |
| Total inventory | | $189,807 | | $153,656 |
For the years ended December 31, 2023 and 2022, inventories presented in the consolidated balance sheets are net of inventory reserves of$5.6 million and$5.9 million, respectively.
The Company did not recognize any impairment of inventory.
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