Inventories

3 Months Ended

Mar. 30, 2024

Notes To Financial Statements [Abstract]

Inventories

Inventories

Inventories are composed of material, labor and overhead and are stated at the lower of cost or net realizable value. 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 30, 2024 and December 30, 2023 are as follows (in thousands): 

	Mar 30, 2024		Dec 30, 2023
Raw materials and parts	$	498,418	$	495,488
Work-in-process	80,496		80,102
Finished goods	364,765		360,277
	$	943,679	$	935,867