Note 3. Inventories

6 Months Ended

Dec. 31, 2016

Inventories [Abstract]

Inventory Disclosure

Inventories

Inventory components were as follows:

(Amounts in Thousands)	December 31, 2016			June 30, 2016
Finished products	$	26,615		$	26,494
Work-in-process	1,389			1,840
Raw materials	25,029			25,070
Total FIFO inventory	53,033			53,404
LIFO reserve	(11,970		)	(12,466		)
Total inventory	$	41,063		$	40,938

For interim reporting, LIFO inventories are computed based on quantities as of the end of the quarter and interim changes in price levels. Changes in quantities and price levels are reflected in the interim financial statements in the period in which they occur, except in cases where LIFO inventory liquidations are expected to be reinstated by fiscal year end. The earnings impact of LIFO inventory liquidations during the three and six-month periods ended December 31, 2016 and 2015 was immaterial.