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Inventories

3 Months Ended

Mar. 29, 2013

Inventories on the Consolidated Balance Sheets are summarized as follows:



(Thousands)	Mar. 29, 2013		Dec. 31, 2012
Principally average cost:
Raw materials and supplies	$	38,689	$	42,751
Work in process	200,979		203,179
Finished goods	51,113		51,094
Gross inventories	290,781		297,024
Excess of average cost over LIFO inventory value	89,453		90,899
Net inventories	$	201,328	$	206,125

- 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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