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Inventories | 3 Months Ended
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Mar. 28, 2020
Notes To Financial Statements [Abstract] |
Inventories | Inventories Inventories are composed of material, labor and overhead and are stated at the lower of cost or market. Costs for inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization. Inventories at March 28, 2020 and December 28, 2019 are as follows (in thousands):
| Mar 28, 2020 |  | Dec 28, 2019
Raw materials and parts | $ | 289,616 |  |  | $ | 277,394 |
Work-in-process | 62,906 |  |  | 58,663 |
Finished goods | 271,300 |  |  | 249,642 |
| $ | 623,822 |  |  | $ | 585,699 |

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 330 -URI http://asc.fasb.org/topic&trid=2126998 + Details
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