Inventories

12 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following at June 30:

(in thousands)	2016			2015
Finished goods	$	284,054		$	324,840
Work in process and powder blends	166,274			249,629
Raw materials	68,472			100,881
Inventories at current cost	518,800			675,350
Less: LIFO valuation	(59,970		)	(99,819		)
Total inventories	$	458,830		$	575,531

We used the LIFO method of valuing inventories for approximately 44 percent and 47 percent of total inventories at June 30, 2016 and 2015, respectively.