Inventories

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories

INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out (FIFO) method) or net realizable value. Cost includes material, labor, and overhead. Inventories consisted of the following at:

	March 31,		December 31,
(In thousands)	2024		2023
Raw materials	$	427,320	$	457,877
Work in process	43,688		45,112
Finished goods	263,352		265,418
Inventories, net	$	734,360	$	768,407

At March 31, 2024 and December 31, 2023, the Company had recorded inventory obsolescence reserves of $76.1 million and $71.3 million, respectively.