XML 41 R11.htm IDEA: XBRL DOCUMENT

Inventories

3 Months Ended

Jun. 29, 2014

Inventories at June 29, 2014 and March 30, 2014 consisted of the following:



	June 29, 2014			March 30, 2014
(In thousands)	June 29, 2014			March 30, 2014
Inventory (FIFO basis)	$	39,966		$	31,344
LIFO reserve	(5,645		)	(5,152		)
Net inventory	$	34,321		$	26,192

The first in, first out (“FIFO”) value of inventories accounted for under the last in, first out (“LIFO”) method was $35.6 million at June 29, 2014 and $28.5 million at March 30, 2014. The remainder of the inventory was valued and accounted for under the FIFO method.

The LIFO reserve increased $0.5 million during the three months ended June 29, 2014, and increased $0.2 million during the three months ended June 30, 2013. The valuation of LIFO inventory for interim periods is based on our estimates of year-end inventory levels and costs.

- 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.

+ References+ Details