INVENTORIES (Details) - USD ($) $ in Thousands	3 Months Ended
Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
INVENTORIES
Raw materials	$ 141,217		$ 160,809
Work-in-process	137,803		125,756
Finished goods	288,259		276,299
Total	$ 567,279		$ 562,864
Percentage of total inventories valued using the LIFO method (as a percent)	36.00%		37.00%
Excess of current cost over LIFO cost	$ 129,415		$ 129,946
(Benefit) charge due to LIFO inventory valuations	$ (531)	$ 2,191

The excess of replacement or current cost over the stated LIFO (last in first out) inventory value when the LIFO inventory method is utilized.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

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The difference between the change in the inventory reserve representing the cumulative difference in cost between the first in, first out and the last in, first out inventory valuation methods and any LIFO decrement which have been reflected in the statement of income during the period.

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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process.

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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The percentage of LIFO (last in first out) inventory to total inventory as of the balance sheet date if other than 100 percent.

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