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Inventories

12 Months Ended

Apr. 25, 2015

Note 4: Inventories

(Amounts in thousands)	4/25/2015			4/26/2014
Raw materials	$	75,024		$	71,247
Work in process		14,310			13,722
Finished goods		92,295			91,842

FIFO inventories		181,629			176,811
Excess of FIFO over LIFO		(24,840	)		(29,802	)

Total inventories	$	156,789		$	147,009

During the second quarter of fiscal 2015, we ceased manufacturing casegoods product domestically, and as a result the stream of domestically manufactured inventory will not be replaced. Our LIFO reserve was reduced as we liquidated the inventory.

- 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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