Inventories

Inventories are stated at the lower of cost or net realizable value. Cost is determined on the last-in, first-out (LIFO) basis for most U.S. inventories and the first-in, first-out (FIFO) basis for most non-U.S. inventories. Inventories at December 31, 2018 and 2017 consisted of the following:



	December 31,
	2018			2017
Raw materials	$	8,231		$	11,767
Supplies and service parts	21,841			21,475
Finished products	14,897			13,261
Inventory at FIFO cost, net	44,969			46,503
Excess of FIFO cost over LIFO cost	(3,005		)	(5,734		)
Total inventory, net	$	41,964		$	40,769