Inventory

12 Months Ended

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.