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Inventory | 12 Months Ended
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Dec. 31, 2021
Inventory Disclosure [Abstract] |
Inventory | Inventory Inventory is valued at average cost or net realizable value, whichever is lower. The Company’s components of inventory as of December 31, 2021 and 2020 are summarized in the following table:
|  | December 31,
|  | 2021 |  | 2020
Finished goods |  | $ | 23,822 |  |  | $ | 60,766 |
Work-in-process |  | 10,738 |  |  | 5,143 |
Raw materials |  | 28,311 |  |  | 12,708 |
Inventories - net |  | $ | 62,871 |  |  | $ | 78,617 |
On September 24, 2021, the Company executed the sale of its Piling Products division for $23,902 in total expected proceeds. The sale included substantially all inventory held by the Company associated with the division. The Piling Products division was included in the Fabricated Steel Products business unit within the Steel Products and Measurement business segment.

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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 + Details
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