Inventories

6 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories

InventoriesInventory components were as follows:

(Amounts in Thousands)	December 31, 2022		June 30, 2022
Finished products	$	74,364	$	66,890
Work-in-process	1,581		1,974
Raw materials	52,347		52,878
Total FIFO inventory	128,292		121,742
LIFO reserve	(23,480)		(23,773)
Total inventory	$	104,812	$	97,969

For interim reporting, LIFO inventories are computed based on quantities as of the end of the quarter and interim changes in price levels. Changes in quantities and price levels are reflected in the interim financial statements in the period in which they occur, except in cases where LIFO inventory liquidations are expected to be reinstated by fiscal year end. LIFO impact including the effect of changes in quantities, price levels, and inventory liquidations during the three and six-month periods ended December 31, 2022 were income of $0.7 million and $0.3 million, respectively and during the three and six-month periods ended December 31, 2021 were expense of $1.3 million and $3.7 million, respectively. The earnings impact of LIFO inventory liquidations during the three and six-month periods ended December 31, 2022 and December 31, 2021 were immaterial.