Inventories

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories, net consisted of the following:

	December 31,
	2021		2020		2019
	(Amounts in thousands)
Raw materials	$	318,348	$	321,600	328,080
Work in process	242,143		210,174		192,993
Finished goods	213,096		221,532		218,408
Less: Excess and obsolete reserve	(95,300)		(86,078)		(78,644)
Inventories, net	$	678,287	$	667,228	$	660,837

During 2021, 2020 and 2019, we recognized expenses of $15.6 million, $14.9 million and $17.1 million, respectively, for excess and obsolete inventory. These expenses are included in COS in our consolidated statements of income.