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Inventories

12 Months Ended

Dec. 31, 2013

INVENTORIES

The components of inventories at December 31 were as follows:



	2013			2012
	(Dollars in thousands)
Raw materials	$	158,963		$	167,097
Work-in-process	104,811			108,385
Finished goods	333,978			330,077
Other	14,398			13,259
	612,150			618,818
Adjustment to value inventory at cost on the LIFO method	(96,580		)	(102,891		)
	$	515,570		$	515,927

Inventories include $87.6 million and $77.8 million recorded on the FIFO method at December 31, 2013 and 2012, respectively, and $174.1 million and $145.0 million recorded on the average cost method at December 31, 2013 and 2012, 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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