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Inventories

12 Months Ended

Apr. 30, 2013

Note C -- Inventories

The components of inventories were:


		APRIL 30
(in thousands)		2013		2012
Raw materials	$	11,823	$	9,412
Work-in-process		17,170		14,543
Finished goods		11,318		8,734

Total FIFO inventories		40,311		32,689
Reserve to adjust inventories to LIFO value		(10,973)		(10,349)

Total LIFO inventories	$	29,338	$	22,340

There was no liquidation of LIFO based inventories in fiscal 2013 to impact net income. After tax losses were impacted by $125,000 and $34,000 in fiscal years 2012 and 2011, respectively, as a result of liquidation of LIFO based inventories.

- 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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