Inventories

6 Months Ended

Jun. 30, 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:

	June 30,		December 31,
(In thousands)	2024		2023
Raw materials	$	411,029	$	457,877
Work in process	42,213		45,112
Finished goods	234,628		265,418
Inventories, net	$	687,870	$	768,407

At June 30, 2024 and December 31, 2023, the Company had recorded inventory obsolescence reserves of $81.4 million and $71.3 million, respectively.