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Inventories

12 Months Ended

Jun. 30, 2012

Note 4 – Inventories

At June 30, 2012 and 2011, inventories from continuing operations consisted of the following:


	June 30,
	2012		2011
Finished goods	$	161,124	$	153,469
Work in process		69,577		67,534
Raw materials		196,896		202,134

Inventories	$	427,597	$	423,137

At June 30, 2012 and 2011 our inventory reserves were $61.9 million and $73.3 million, respectively.

- 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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