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Note 4 - Inventories, Net - Summary of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Pipe and connectors, net of allowance of $15,662 and $16,819, respectively	$ 28,851	$ 22,642
Finished goods, net of allowance of $84 and $84, respectively	18,997	22,715
Work in progress	1,891	1,730
Raw materials, components and supplies, net of allowance of $106 and none, respectively	44,941	34,631
Total inventories, net	$ 94,680	$ 81,718

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- Definition

Represents the amount of inventory, pipe and connectors as of the balance sheet date.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.

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Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.

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Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process.

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Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing.

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