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Inventories
12 Months Ended
Dec. 31, 2021
Inventory, Net [Abstract]  
Inventories Inventories
Major components of inventories were as follows (in thousands):
20212020
Finished products and components$166,922 $133,122 
Products and components in various stages of completion117,063 83,791 
Raw materials and purchased components185,291 129,319 
Subtotal469,276 346,232 
Reduction to LIFO cost(86,975)(60,528)
Total$382,301 $285,704 
Inventories valued under the LIFO method were $211.1 million in 2021 and $150.1 million in 2020. All other inventory was valued on the FIFO method.