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Inventories

6 Months Ended

Jun. 28, 2014

The Corporation values its inventory at the lower of cost or market with approximately 73% valued by the last-in, first-out ("LIFO") costing method.



(In thousands)	June 28, 2014			December 28, 2013
(In thousands)	June 28, 2014			December 28, 2013
Finished products	$	81,549		$	51,991
Materials and work in process	74,416			65,247
LIFO allowance	(27,588		)	(27,722		)
	$	128,377		$	89,516

- 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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