INVENTORIES (Detail) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Raw materials	$ 170,549	$ 153,876
Work-in-process	101,551	100,359
Finished goods	115,647	108,329
Inventoried costs related to U.S. Government and other long-term contracts (1)	69,452	70,414
Inventories, net of reserves	457,199	432,978
Less: Progress payments applied	(7,945)	(8,143)
Inventories, net	$ 449,254	$ 424,835

Inventories, Net of Reserves

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- Definition

Inventory For Long-term Contracts Or Programs, Net Of Reserves

+ References

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- Definition

Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process.

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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Amount of advances received from customers under long-term contracts which have been offset against inventories accounts at the balance sheet date.

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