INVENTORIES

Inventories are stated at the lower of cost or market and include the cost of material, labor and manufacturing overhead. Cost is determined with the first-in, first-out method.



(In thousands)	April 2, 2016		March 28, 2015
Raw materials	$	62,062	$	71,794
Work-in-process	13,180		12,462
Finished goods	111,786		126,821
Total Inventories	$	187,028	$	211,077

During the fourth quarter of fiscal 2016, we recorded $9.4 million of inventory charges and reserves, of which $5.3 million resulted from changes in demand for Blood Center products.