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Inventories

9 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories consisted of the following (in thousands):

						December 31, 2023						March 31, 2023
At cost - FIFO basis:
Raw materials						$	167,833					$	142,490
Work-in-process						26,788						26,323
Finished goods						41,449						39,714
Total at cost FIFO basis						236,070						208,527
LIFO cost less than FIFO cost						(31,674)						(29,168)
Net inventories						$	204,396					$	179,359

The acquisition of montratec contributed $4,083,000 to the increase in inventory since March 31, 2023.

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 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, estimated interim results are subject to change in the final year-end LIFO inventory valuation.

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- References

No definition available.

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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
-Topic 330
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//330/tableOfContent

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