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Note 8 - Balance Sheet Details

12 Months Ended

Dec. 31, 2024

Supplemental Balance Sheet Disclosures [Text Block]

8.	Balance Sheet Details

Inventories consist of the following:

	*December 31,*
	*2024*		*2023*
Raw material	$	611,735	$	677,428
Work-in-process		6,814		10,877
Finished goods		413,098		479,179
Total	$	1,031,647	$	1,167,484

Property and equipment consists of the following:

	*December 31,*
	*2024*			*2023*
Land and improvements	$	30,220		$	22,556
Buildings and improvements		358,055			298,483
Machinery and equipment		296,409			271,879
Dies and tools		48,681			45,998
Vehicles		13,887			11,411
Office & information technology equipment and internal use software		213,003			185,601
Leasehold improvements		9,776			8,772
Construction in progress		110,651			98,083
Gross property and equipment		1,080,682			942,783
Accumulated depreciation		(390,659	)		(344,206	)
Total	$	690,023		$	598,577

Total property and equipment included finance leases of $61,214 and $68,079 as of December 31, 2024 and 2023, respectively, primarily comprised 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 statements of cash flows. Similarly, the buyout of finance lease obligations is accounted for as a non-cash exchange of the ROU asset for the underlying leased asset. In 2024, the Company purchased the property under lease from a related party previously determined to be an arm’s length transaction. Refer to Note 10, “Leases,” to the consolidated financial statements of this Annual Report on Form 10-K for further information regarding the Company’s accounting for leases under ASC 842, Leases.