Note 4 - Inventories

9 Months Ended

Dec. 30, 2017

Inventories

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

$165,114,000

as of the end of the

third

quarter of fiscal

2018

as compared to

$151,269,000

as of the end of the

third

quarter of fiscal

2017.

The change in the LIFO Reserve for the

three

months ended

December 30, 2017

was an increase of

$1,921,000

as compared to a decrease of

$5,082,000

for the

three

months ended

December 31, 2016.

The LIFO Reserve increased by

$21,275,000

in the

first

nine

months of fiscal

2018

compared to a decrease of

$2,669,000

in the

first

nine

months of fiscal

2017.

This reflects the projected impact of an overall cost increase expected in fiscal

2018

versus fiscal

2017.