Inventories, Net

12 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Inventories, Net

INVENTORIES, NET

(in thousands)	September 30, 2016			September 25, 2015
Purchased materials and manufactured parts, net	$	47,754		$	42,562
Work in process, net	17,082			13,360
Finished goods, net	115,062			111,743
LIFO reserve	(18,433		)	(5,741		)
Inventories, net	$	161,465		$	161,924

The Company records inventory at the lower of cost or market (primarily last in, first out, or "LIFO") or market value for a majority of the Company. Approximately 87% and 80% of the Company's inventories are valued at the lower of LIFO cost or market at September 30, 2016 and September 25, 2015, respectively.

As of September 30, 2016 and September 25, 2015, the excess and obsolete inventory reserve was $8,447 and $10,201, respectively.