INVENTORY

The carrying value of inventory consisted of the following (in thousands):



	September 12, 2015			January 3, 2015
Used oil and processed oil	$	10,757		$	14,153
Solvents and solutions	6,734			8,859
Machines	4,539			3,659
Drums and supplies	3,628			2,756
Other	1,745			1,617
Total inventory	27,403			31,044
Less: machine refurbishing reserve	(288		)	(246		)
Total inventory - net	$	27,115		$	30,798

Inventory consists primarily of used oil, processed oil, new and used solvents, new and refurbished parts cleaning machines, drums, catalyst, accessories, absorbents, and antifreeze. Inventories are valued at the lower of first-in, first-out (FIFO) cost or market, net of any reserves for excess, obsolete, or unsalable inventory. The Company continually monitors its inventory levels at each of its locations and evaluates inventories for excess or slow-moving items. If circumstances indicate the cost of inventories exceed their recoverable value, inventories are reduced to net realizable value.