Note 4 - Inventories

3 Months Ended

Jun. 29, 2019

Notes to Financial Statements

Inventory Disclosure [Text Block]

4. Inventories

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

$164,517,000

as of the end of the

first

quarter of fiscal

2020

as compared to

$121,607,000

as of the end of the

first

quarter of fiscal

2019.

The change in the LIFO Reserve for the

three

months ended

June 29, 2019

was an increase of

$3,176,000

as compared to a decrease of

$710,000

for the

three

months ended

June 30, 2018.

The following table shows inventory by category and the related LIFO balance (in thousands):

	June 29, 2019		June 30, 2018
Finished products	$	405,372	$	468,236
In process		33,568		41,943
Raw materials and supplies		219,075		179,022
		658,015		689,201
Less excess of FIFO cost over LIFO cost		164,517		121,607
Total inventories	$	493,498	$	567,594