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Inventories

9 Months Ended

Sep. 28, 2013

Note 2. Inventories

Inventories consisted of the following:


	(In thousands)
	September 28,		December 31,
	2013		2012
Raw materials and supplies	$	80,672	$	84,545
Work in process		68,688		67,132
Finished goods		10,816		13,031

		160,176		164,708
Less progress payments		11,652		16,390

Total	$	148,524	$	148,318

- 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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