Inventories

3 Months Ended

Mar. 28, 2020

Notes To Financial Statements [Abstract]

Inventories

Inventories

Inventories are composed of material, labor and overhead and are stated at the lower of cost or market. Costs for inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization. Inventories at March 28, 2020 and December 28, 2019 are as follows (in thousands): 

	Mar 28, 2020		Dec 28, 2019
Raw materials and parts	$	289,616	$	277,394
Work-in-process	62,906		58,663
Finished goods	271,300		249,642
	$	623,822	$	585,699