Inventories

6 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Inventories

InventoriesInventory components were as follows:

(Amounts in Thousands)	December 31, 2021		June 30, 2021
Finished products	$	47,296	$	37,787
Work-in-process	1,742		1,320
Raw materials	45,019		33,428
Total FIFO inventory	94,057		72,535
LIFO reserve	(21,920)		(18,244)
Total inventory	$	72,137	$	54,291

For interim reporting, LIFO inventories are computed based on quantities as of the end of the quarter and interim changes in price levels. Changes in quantities and price levels are reflected in the interim financial statements in the period in which they occur, except in cases where LIFO inventory liquidations are expected to be reinstated by fiscal year end. The earnings impact of LIFO inventory liquidations during the three and six month periods ended December 31, 2021 and 2020 was immaterial.