Inventories

3 Months Ended

Mar. 31, 2013

Inventories [Abstract]

INVENTORIES

6. INVENTORIES

The composition of inventories was as follows:

(In thousands)	March 31, 2013		December 31, 2012
Finished products	$	118,149	$	113,589
Raw materials		59,230		48,424
Total inventories	$	177,379	$	162,013

Inventories are primarily priced using the last-in, first-out inventory valuation method. If the first-in, first-out inventory valuation method had been used for all inventories, inventory balances would have been approximately $33,953,000 and $33,868,000 higher than reported at March 31, 2013, and December 31, 2012, respectively.