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INVENTORIES
12 Months Ended
Dec. 31, 2016
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES

Inventories at December 31, 2016 and 2015, consisted of the following (amounts in thousands):
 
2016
 
2015
Raw material
$
76,380

 
$
85,490

Work-in-process
32,395

 
31,866

Finished goods
163,461

 
158,997

 
272,236

 
276,353

Adjustment to LIFO basis
(2,945
)
 
(6,562
)
 
$
269,291

 
$
269,791


 
If the Company had liquidated the balance of the LIFO basis inventory on December 31, 2016 or 2015, it would have incurred a tax charge of $1.1 million or $2.5 million, respectively.