XML 16 R8.htm IDEA: XBRL DOCUMENT

INVENTORIES

6 Months Ended

Jun. 26, 2011

3. INVENTORIES

Inventories are stated at the lower of cost (First-In, First-Out (FIFO) Method) or market and consist of the following classes:

(thousands)	June 26, 2011			Dec. 31, 2010
Raw materials	$	14,683		$	14,221
Work in process		1,246			926
Finished goods		1,735			1,569
Less: reserve for inventory obsolescence		(720	)		(694	)
Total manufactured goods, net		16,944			16,022
Materials purchased for resale (distribution products)		7,729			6,861
Less: reserve for inventory obsolescence		(238	)		(160	)
Total materials purchased for resale (distribution products), net		7,491			6,701
Total inventories	$	24,435		$	22,723

- 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.

+ References+ Details