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Inventories
12 Months Ended
Dec. 31, 2023
Inventory Disclosure [Abstract]  
Inventories INVENTORIES
Inventories, net consisted of the following:
 December 31,
 20232022
 (Amounts in thousands)
Raw materials$407,979 $360,039 
Work in process302,655 295,678 
Finished goods278,787 245,494 
Less: Excess and obsolete reserve(109,484)(98,013)
Inventories, net$879,937 $803,198 
During 2023, 2022 and 2021, we recognized expenses of $21.5 million, $15.4 million and $15.6 million, respectively, for excess and obsolete inventory. These expenses are included in COS in our consolidated statements of income.