Inventories

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Inventories

Inventories*

Inventories consist of the following:

(In thousands)	December 31 2025		December 31 2024
Finished goods	$	11,057	$	14,344
Work-in-process	13,679		15,629
Raw materials and purchased parts	107,056		108,381
Stores and supplies	48,756		44,705
Total inventories	$	180,548	$	183,059
Valued at lower of cost or market:
LIFO basis	$	92,939	$	96,680
FIFO basis	22,306		19,761
Average cost basis	65,303		66,618
Total inventories	$	180,548	$	183,059

Inventories valued on a LIFO basis at December 31, 2025 and December 31, 2024 were approximately $24 million and $21 million, respectively, less than the amounts of such inventories valued at current costs. During 2024, as a result of reducing certain inventory quantities valued on a LIFO basis, loss from continuing operations decreased from that which would have been recorded on a FIFO basis by $2.6 million. There was no significant impact on loss from continuing operations as a result of reducing certain inventory quantities valued on a LIFO basis during 2025 or 2023.