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Inventories
9 Months Ended
Sep. 27, 2025
Inventories [Abstract]  
INVENTORIES

NOTE 5 - INVENTORIES

 

Inventories are valued using the last-in, first-out (LIFO) method. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs existing at that time. Accordingly, interim LIFO calculations must necessarily be based on management's estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management's control, interim results are subject to the final year-end LIFO inventory valuation.

Inventories consist of the following:

 

   September 27, 2025   December 31, 2024 
         
Inventory at FIFO          
Finished products  $22,104   $26,022 
Materials and work in process   104,363    123,395 
           
Gross inventories   126,467    149,417 
Less:  LIFO reserve   (68,165)   (66,398)
Less:  excess and obsolescence reserve   (3,658)   (6,533)
Net inventories  $54,644   $76,486