v3.26.1
Inventories
3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories are comprised of the following: 
(Dollars in thousands)March 31, 2026December 31, 2025
Inventories:
Raw materials and supplies$71,049 $76,115 
Work in process119,867 116,933 
Finished goods32,199 31,644 
         Total$223,115 $224,692 
In the first quarter of 2026 and 2025, we recorded lower of cost or market (“LCM”) inventory valuation adjustments of $5.3 million and $2.8 million, respectively, in order to state our inventories at the lower of cost or market.