Note 4 - Inventories

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Inventory Disclosure [Text Block]

Note 4 – Inventories

LIFO inventories are stated at the lower of cost or market and all other inventories are stated at the lower of cost or net realizable value. Replacement cost approximates current cost and the excess over LIFO cost is approximately $70.1 million and $63.5 million at December 31, 2021 and 2020, respectively. Allowances for excess and obsolete inventory totaled $6.0 million at December 31, 2021 and $5.9 million at December 31, 2020.

Inventories are comprised of the following:

Inventories, net	December 31, 2021		December 31, 2020
Raw materials and in-process	$	23,263	$	18,152
Finished parts		52,039		51,701
Finished products		10,346		12,833
Total net inventories	$	85,648	$	82,686