v3.26.1
Inventories
6 Months Ended
Jun. 30, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories are comprised of the following: 
(Dollars in thousands)June 30, 2026December 31, 2025
Inventories:
Raw materials and supplies$81,683 $76,115 
Work in process119,451 116,933 
Finished goods36,130 31,644 
         Total$237,264 $224,692 
In the second quarter and first six months of 2026, we recorded lower of cost or market (“LCM”) inventory valuation adjustments of $2.5 million and $7.8 million, respectively, compared to $1.9 million and $4.7 million, in the second quarter and first six months of 2025, respectively, in order to state our inventories at net realizable value.