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INVENTORIES

12 Months Ended

Dec. 31, 2011

7.	INVENTORIES

Inventories as of December 31 consist of the following classes:

(thousands)	2011			2010
Raw materials	$	14,382		$	14,221
Work in process		1,950			926
Finished goods		2,353			1,569
Less: reserve for inventory obsolescence		(451	)		(694	)
Total manufactured goods, net		18,234			16,022
Materials purchased for resale (distribution products)		9,519			6,861
Less: reserve for inventory obsolescence		(250	)		(160	)
Total materials purchased for resale (distribution products), net		9,269			6,701
Balance at December 31	$	27,503		$	22,723

The following table summarizes the reserve for inventory obsolescence:

(thousands)	2011			2010
Balance at January 1	$	854		$	1,300
Charged to operations		1,020			646
Deductions from reserves		(1,173	)		(1,092	)
Balance at December 31	$	701		$	854

- 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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