Note 3 - Inventories

3 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Inventory Disclosure [Text Block]

3. Inventories

First-In, First-Out (“FIFO”) based inventory costs exceeded LIFO based inventory costs by

$144,501,000

as of the end of the

first

quarter of fiscal

2019

as compared to

$140,698,000

as of the end of the

first

quarter of fiscal

2018.

The change in the LIFO Reserve for the

three

months ended

June 30, 2018

was a decrease of

$504,000

as compared to an increase of

$7,443,000

for the

three

months ended

July 1, 2017.

This reflects the projected impact of an overall LIFO decrease expected in fiscal

2019

due to an anticipated volume decrease partially offset by cost increases versus a net LIFO increase in fiscal

2018.