Inventories, net

12 Months Ended

Apr. 30, 2012

4. Inventories, net

Inventories consist of the following:

	April 30,

	2012			2011
	(In thousands)
Raw materials	$	13,969		$	13,737
Work in process		7,390			7,994
Finished goods		24,934			17,647

Inventories, gross		46,293			39,378
Reserve for inventory obsolescence		(2,754	)		(1,241	)

Inventories, net	$	43,539		$	38,137

- 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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