Inventories

6 Months Ended

Jun. 30, 2011

Inventories

Inventories

Note 8 — Inventories

The Company’s inventories are valued at the lower of cost, with costs generally determined on a first-in, first-out (FIFO) method, or market.  Inventories are summarized as follows:

	June 30,			December 31,
(in thousands)	2011			2010
Raw materials and supplies	$	270,756		$	249,782
Work in process and finished goods	511,743			458,281
Total inventories, gross	782,499			708,063
Less inventory reserves	(42,123		)	(34,200		)
Total inventories, net	$	740,376		$	673,863