Inventories

3 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventories

InventoriesInventory components were as follows:

(Amounts in Thousands)	September 30, 2022		June 30, 2022
Finished products	$	73,561	$	66,890
Work-in-process	1,716		1,974
Raw materials	54,872		52,878
Total FIFO inventory	130,149		121,742
LIFO reserve	(24,214)		(23,773)
Total inventory	$	105,935	$	97,969

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. LIFO expense including the effect of changes in quantities, price levels, and inventory liquidations during the three-month periods ended September 30, 2022 and September 30, 2021 were $0.4 million and $2.4 million, respectively. The earnings impact of LIFO inventory liquidations during the three-month periods ended September 30, 2022 and September 30, 2021 were immaterial.