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Inventories

12 Months Ended

Dec. 31, 2014

4. Inventories

Inventories consist of the following:


	December 31,
	2014			2013
	(In thousands)
Raw materials and supplies	$	107,357		$	85,670
Work in progress		112,514			119,929
Finished goods		207,295			195,971

		427,166			401,570
Less: allowance for obsolete and excess inventory		(34,607	)		(33,216	)

Total inventory	$	392,559		$	368,354

Summary of allowance for excess and slow-moving inventory:


	In thousands
Balance at December 31, 2011	$	26,228
Charges to costs and expenses		4,651
Write-offs of inventory		(453	)

Balance at December 31, 2012		30,426
Charges to costs and expenses		3,554
Write-offs of inventory		(764	)

Balance at December 31, 2013		33,216
Charges to costs and expenses		3,951
Write-offs of inventory		(2,560	)

Balance at December 31, 2014	$	34,607

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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