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Inventories

12 Months Ended

Mar. 30, 2014

Inventories at March 30, 2014 and March 31, 2013 consisted of the following:



	2014			2013
(In thousands)
Inventory (FIFO basis)	$	31,344		$	35,281
LIFO reserve	(5,152		)	(7,073		)
Net inventory	$	26,192		$	28,208

The FIFO value of inventories accounted for under the LIFO method was $28.5 million at March 30, 2014 and $30.3 million at March 31, 2013. The remainder of the inventory was valued and accounted for under the FIFO method.

We decreased the LIFO reserve by $1.9 million in fiscal 2014 and $0.4 million in fiscal 2013 due primarily to lower levels of inventory at the end of the year.

- 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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