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Note 8 - Balance Sheet Details

12 Months Ended

Dec. 31, 2022

Supplemental Balance Sheet Disclosures [Text Block]

8.	Balance Sheet Details

Inventories consist of the following:

	*December 31,*
	*2022*		*2021*
Raw material	$	798,340	$	727,162
Work-in-process		14,899		10,756
Finished goods		592,145		351,787
Total	$	1,405,384	$	1,089,705

As of December 31, 2022 and 2021, inventories totaling $17,914 and $15,555, respectively, were on consignment at customer locations.

Property and equipment consists of the following:

	*December 31,*
	*2022*			*2021*
Land and improvements	$	22,589		$	26,137
Buildings and improvements		243,553			244,273
Machinery and equipment		229,593			186,611
Dies and tools		37,343			31,581
Vehicles		9,807			7,621
Office equipment and systems		148,166			125,048
Leasehold improvements		6,849			5,679
Construction in progress		52,522			47,601
Gross property and equipment		750,422			674,551
Accumulated depreciation		(282,818	)		(233,699	)
Total	$	467,604		$	440,852

Total property and equipment included finance leases of $24,719 and $36,776 at December 31, 2022 and 2021, 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.