Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.22.4
INVENTORIES
12 Months Ended
Dec. 31, 2022
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories at December 31 are as follows:
(In thousands) 2022 2021
Finished Goods $ 30,703  $ 28,579 
Work in Progress 29,895  22,954 
Raw Material 127,385  106,043 
Total Inventories $ 187,983  $ 157,576 
At December 31, 2022, the Company’s reserve for inventory valuation was $36.8 million, or 16.4% of gross inventory. At December 31, 2021, the Company’s reserve for inventory valuation was $33.8 million, or 17.7% of gross inventory.