Inventories

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventories

7. INVENTORIES

The composition of inventories at June 30, 2019, and December 31, 2018, was as follows: 

(In thousands)	June 30, 2019		December 31, 2018 As Adjusted
Finished goods	$	156,437	$	163,617
Raw materials		59,841		67,911
Total inventories	$	216,278	$	231,528

Effective January 1, 2019, the Company elected to change its method of accounting for U.S. inventories from the LIFO basis to the FIFO basis. Non-U.S. inventories have historically been maintained on the FIFO basis. Prior period financial statements have been adjusted to reflect what results would have been had the Company always used the FIFO method of inventory valuation for U.S. inventories.  See Note 2 for additional details.