Inventories, Net

3 Months Ended

Mar. 31, 2012

3.	Inventories, Net


	March 31, 2012		December 31, 2011		March 31, 2011
	(Dollars in Thousands)

Finished products	$	357,953	$	350,685	$	361,956
Products in process and raw materials		15,751		11,116		12,254
Supplies and expendable parts		54,010		53,287		49,025

		427,714		415,088		423,235
Less allowances		(94,227)		(92,481)		(91,556)

Total	$	333,487	$	322,607	$	331,679

- 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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