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Inventories

12 Months Ended

Dec. 31, 2012

2. INVENTORIES

The following table summarizes inventories by major classification as of December 31, 2012 and 2011:


	December 31,
($ thousands)	2012		2011
Finished goods	$	155,833	$	124,203
Work-in-progress		911		291
Raw materials		8,060		5,133
Inventories	$	164,804	$	129,627

During the years ended December 31, 2012, 2011 and 2010, we donated certain inventory items to charitable organizations consisting primarily of end of life units. The contributions made were expensed at their fair value of $1.7 million, $2.0 million and $0.8 million, respectively. Also during the years ended December 31, 2012, 2011 and 2010, we recognized a gain of $0.6 million, $0.7 million and $0.2 million, respectively, and a net reduction of inventory of $1.1 million, $1.3 million and $0.6 million, respectively, as the fair value of the inventory contributed exceeded its carrying amount.

- 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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