Inventories, Net

6 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

Inventories, Net

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

	(Dollars in thousands)
	June 30, 2021		December 31, 2020
Inventories, gross	$	70,324	$	67,137
Reserve for obsolete and excess inventory	(7,295)		(5,270)
Inventories, net	$	63,029	$	61,867

During the six months ended June 30, 2021, the Company increased its reserve for obsolete and excess inventory by $0.4 million for which its cost exceeded its estimated selling price and $1.0 million for rationalization of inventory related to Partsmaster.