Inventories

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories consisted of the following:

	December 31,
	2024		2023
	(Amounts in thousands)
Raw materials	$	391,562	$	407,979
Work in process	262,173		302,655
Finished goods	275,975		278,787
Less: Excess and obsolete reserve	(92,456)		(109,484)
Inventories	$	837,254	$	879,937

During 2024, 2023 and 2022, we recognized expenses of $14.1 million, $21.5 million and $15.4 million, respectively, for excess and obsolete inventory. These expenses are included in COS in our consolidated statements of income.