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Inventories, Net
12 Months Ended
Dec. 31, 2024
Inventory Disclosure [Abstract]  
Inventories, Net
Note 2 - Inventories, Net
Inventories, net
 December 31,
 20242023
Raw materials$75,138 $98,708 
Work-in-process12,225 14,397 
Finished products52,792 46,250 
Inventories, net of excess and obsolete inventory reserve140,155 159,355 
Excess of current cost over LIFO cost(10,242)(10,541)
Inventories at LIFO cost$129,913 $148,814 
Costs for inventories of certain material, mainly in the U.S., are determined using the LIFO method and totaled approximately $46.5 million and $60.1 million at December 31, 2024 and 2023, respectively. The net change in LIFO inventories for December 31, 2024 and 2023 resulted in a benefit of $0.3 million and $2.6 million to Cost of products sold, respectively. The Company’s reserves for slow-moving and obsolete inventory at December 31, 2024 and 2023 were $17.7 million and $17.6 million, respectively.