Inventories

Inventories consist of paper stock, editorial content, and books. Of total net inventory values, 52 percent at June 30, 2015, and 49 percent at June 30, 2014, were determined using the LIFO method. LIFO inventory income included in the Consolidated Statements of Earnings was $0.5 million in fiscal 2015, $0.8 million in fiscal 2014, and $1.7 million in fiscal 2013.



June 30,	2015			2014
(In thousands)
Raw materials	$	13,900		$	11,993
Work in process	12,053			13,398
Finished goods	2,428			2,814
	28,381			28,205
Reserve for LIFO cost valuation	(3,700		)	(4,197		)
Inventories	$	24,681		$	24,008