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Note 4 - Inventories, Net

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 4—Inventories, net

Inventories at September 30, 2021, and  December 31, 2020, were as follows (in thousands):

		September 30,				December 31,
		2021				2020
Pipe and connectors, net of allowance of $14,630 and $16,819, respectively		$	22,896			$	22,642
Finished goods, net of allowance of $84 and $84, respectively			20,767				22,715
Work in progress			1,240				1,730
Raw materials, components and supplies, net of allowance of $181 and none, respectively			46,873				34,631
Total inventories, net		$	91,776			$	81,718

The increase in inventories was driven by higher activity levels, particularly in the Western Hemisphere.

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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

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