XML 131 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Inventories
12 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Inventories

6.  Inventories

The composition of inventories was as follows:

 

 

 

December 31

 

(In thousands)

 

2019

 

 

2018

As Adjusted

 

Finished products

 

$

139,785

 

 

$

163,617

 

Raw materials

 

 

63,862

 

 

 

67,911

 

Total inventories

 

$

203,647

 

 

$

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.