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Inventories

9 Months Ended

Mar. 31, 2013

Inventories

Major components of inventories are summarized below. Of total net inventory values shown, 33 percent are under the last-in first-out (LIFO) method at March 31, 2013, and 38 percent at June 30, 2012.



(In thousands)	March 31, 2013				June 30, 2012
Raw materials		$	9,419		$	13,405
Work in process		20,012			13,767
Finished goods		3,114			2,138
		32,545			29,310
Reserve for LIFO cost valuation		(6,451		)	(6,751		)
Inventories		$	26,094		$	22,559

- 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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