XML 43 R11.htm IDEA: XBRL DOCUMENT v3.3.0.814
Inventories
 6 Months Ended
Sep. 27, 2015
Inventory Disclosure [Abstract]  
Inventories
Inventories
Inventories at September 27, 2015 and March 29, 2015 consisted of the following:
 
 
September 27,
2015
 
March 29,
2015
(In thousands)
 
 
Inventory (FIFO basis)
 
$
46,898

 
$
42,567

LIFO reserve
 
(5,528
)
 
(5,539
)
Net inventory
 
$
41,370

 
$
37,028


The first in, first out (“FIFO”) value of inventories accounted for under the last in, first out (“LIFO”) method was $42.9 million at September 27, 2015 and $39.0 million at March 29, 2015. The remainder of the inventory was valued and accounted for under the FIFO method.

The LIFO reserve decreased nominally during the three months ended September 27, 2015, and increased $0.2 million during the three months ended September 28, 2014. During the six months ended September 27, 2015 the LIFO reserve decreased nominally and for the six months ended September 28, 2014 the LIFO reserve increased $0.7 million. The valuation of LIFO inventory for interim periods is based on our estimates of year-end inventory levels and costs.