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Note 8 - Balance Sheet Details

12 Months Ended

Dec. 31, 2021

Supplemental Balance Sheet Disclosures [Text Block]

8.	Balance Sheet Details

Inventories consist of the following:

	*December 31,*
	*2021*		*2020*

Raw material	$	727,162	$	375,516
Work-in-process		10,756		6,833
Finished goods		351,787		220,968
Total	$	1,089,705	$	603,317

As of December 31, 2021 and 2020, inventories totaling $15,555 and $9,154, respectively, were on consignment at customer locations.

Property and equipment consists of the following:

	*December 31,*
	*2021*			*2020*

Land and improvements	$	26,137		$	18,363
Buildings and improvements		244,273			198,908
Machinery and equipment		186,611			153,696
Dies and tools		31,581			24,190
Vehicles		7,621			6,037
Office equipment and systems		125,048			107,923
Leasehold improvements		5,679			5,276
Construction in progress		47,602			30,227
Gross property and equipment		674,551			544,620
Accumulated depreciation		(233,699	)		(200,684	)
Total	$	440,852		$	343,936

Total property and equipment included finance leases of $36,776 and $27,269 at December 31, 2021 and 2020, respectively, primarily made up of buildings and improvements. Amortization of finance lease right of use assets is recorded within depreciation expense in the consolidated statements of comprehensive income. The initial measurement of new finance lease right of use assets is accounted for as a non-cash item in the consolidated statement of cash flows. Refer to Note 10, “Leases,” for further information regarding the Company’s accounting for leases under ASC 842, Leases.