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Inventories
3 Months Ended
Mar. 28, 2026
Inventories [Abstract]  
INVENTORIES

NOTE 4 - INVENTORIES

 

Inventories are valued using the last-in, first-out (LIFO) method. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs existing at that time. Accordingly, interim LIFO calculations must necessarily be based on management's estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management's control, interim results are subject to the final year-end LIFO inventory valuation.

 

Inventories consist of the following:

 

    March 28, 2026     December 31, 2025  
             
Inventory at FIFO                
Finished products   $ 8,780     $ 10,993  
Materials and work in process     94,070       102,173  
                 
Gross inventories     102,850       113,166  
Less:  LIFO reserve     (67,886 )     (67,058 )
Less:  excess and obsolescence reserve     (2,715 )     (3,227 )
Net inventories   $ 32,249     $ 42,881