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Inventories

12 Months Ended

Mar. 31, 2012



	March 31, 2012		March 31, 2011
Processed tobacco	$	555,341	$	525,759
Unprocessed tobacco	240,811		230,831
Other	43,750		43,775
	$	839,902	$	800,365

See Note 1 “Significant Accounting Policies - Inventories” to the “Notes to Consolidated Financial Statements” for further information on the costs that comprise the inventory balances and the LCM testing methodologies.

The Company recorded LCM adjustments of $15,443 and $1,094 for the years ended March 31, 2011 and 2010, respectively. No LCM adjustment was recorded for the year ended March 31, 2012.

- 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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