Inventories

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

Inventories

7. INVENTORIES

The composition of inventories at March 31, 2019, and December 31, 2018, was as follows: 

(In thousands)	March 31, 2019		December 31, 2018                As Adjusted
Finished goods	$	154,758	$	163,617
Raw materials		60,270		67,911
Total inventories	$	215,028	$	231,528

Effective January 1, 2019, the Company elected to change its method of accounting for U.S. inventories from the LIFO basis to the FIFO basis. Non-U.S. inventories have historically been maintained on the FIFO basis. Prior period financial statements have been adjusted to reflect what results would have been had the Company always used the FIFO method of inventory valuation for U.S. inventories.  See Note 2 for additional details.