Inventories, Net

3 Months Ended

Mar. 31, 2021

Inventory Disclosure [Abstract]

Inventories, Net

Inventories, Net

Inventories, net, consisting primarily of purchased goods offered for resale, were as follows:

	(Dollars in thousands)
	March 31, 2021		December 31, 2020
Inventories, gross	$	67,252	$	67,137
Reserve for obsolete and excess inventory	(6,494)		(5,270)
Inventories, net	$	60,758	$	61,867

During the three months ended March 31, 2021, the Company increased its reserve for obsolete and excess inventory by $0.2 million for which its cost exceeded its estimated selling price and $0.6 million for rationalization of inventory related to the Partsmaster acquisition.