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Inventories | 3 Months Ended
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Apr. 01, 2023
Notes To Financial Statements [Abstract] |
Inventories | Inventories Inventories are composed of material, labor and overhead and are stated at the lower of cost or net realizable value. 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 April 1, 2023 and December 31, 2022 are as follows (in thousands):
| Apr 1, 2023 |  | Dec 31, 2022
Raw materials and parts | $ | 595,595 |  |  | $ | 595,325 |
Work-in-process | 100,248 |  |  | 86,083 |
Finished goods | 420,521 |  |  | 396,321 |
| $ | 1,116,364 |  |  | $ | 1,077,729 |

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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 -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//330/tableOfContent + Details
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