INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2012

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

(thousands)	Sept. 30, 2012			Dec. 31, 2011
Raw materials	$	21,146		$	14,382
Work in process		2,924			1,950
Finished goods		3,097			2,353
Less: reserve for inventory obsolescence		(782	)		(451	)
Total manufactured goods, net		26,385			18,234
Materials purchased for resale (distribution products)		14,984			9,519
Less: reserve for inventory obsolescence		(391	)		(250	)
Total materials purchased for resale (distribution products), net		14,593			9,269
Total inventories	$	40,978		$	27,503