Inventories

3 Months Ended

Jun. 30, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories at June 30, 2024 and March 31, 2024 consisted of the following:

	June 30, 2024		March 31, 2024
(In thousands)
Inventory (FIFO basis)	$	106,079	$	99,058
LIFO reserve	(24,880)		(24,458)
Net inventory	$	81,199	$	74,600

The first in, first out (“FIFO”) value of inventories accounted for under the last in, first out (“LIFO”) method was $79.5 million at June 30, 2024 and $76.2 million at March 31, 2024. The remainder of the inventory was valued and accounted for under the FIFO method.