Annual report pursuant to Section 13 and 15(d)

INVENTORIES

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INVENTORIES
 12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories at December 31 are as follows:
(In thousands) 2021 2020
Finished Goods $ 28,579  $ 26,964 
Work in Progress 22,954  21,987 
Raw Material 106,043  108,108 
Total Inventories $ 157,576  $ 157,059 
At December 31, 2021, the Company’s reserve for inventory valuation was $33.8 million, or 17.7% of gross inventory. At December 31, 2020, the Company’s reserve for inventory valuation was $33.4 million, or 17.5% of gross inventory.