Inventories, Net

3 Months Ended

Feb. 02, 2013

Inventories are valued at the lower of cost or market. Inventory reserves reduce the cost basis of inventory. Inventory values are primarily based on either actual or standard costs, which approximates average cost. Finished goods include the costs of material, labor and overhead. Inventories at February 2, 2013, and November 3, 2012, consisted of the following:



	February 2, 2013			November 3, 2012
Raw materials	$	66,568		$	58,107
Production supplies	7,233			7,129
Finished goods	51,120			49,397
Inventory reserves	(9,941		)	(9,534		)
Total inventories, net	$	114,980		$	105,099

- 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