XML 25 R8.htm IDEA: XBRL DOCUMENT

Note 3 - Inventories

9 Months Ended

Sep. 28, 2014

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)	Sept. 28, 2014			Dec. 31, 2013
Raw materials	$	43,428		$	24,135
Work in process		5,390			4,870
Finished goods		4,329			3,877
Less: reserve for inventory obsolescence		(1,647	)		(938	)
Total manufactured goods, net		51,500			31,944
Materials purchased for resale (distribution products)		26,318			24,904
Less: reserve for inventory obsolescence		(829	)		(338	)
Total materials purchased for resale (distribution products), net		25,489			24,566
Total inventories	$	76,989		$	56,510

- 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