6.	INVENTORIES

The composition of inventories was as follows:

(In thousands)	September 30, 2015		December 31, 2014
Finished goods	$	127,943	$	126,157
Raw materials		51,910		57,076
Total inventories	$	179,853	$	183,233

Inventories are priced primarily 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 $28,564,000 and $34,340,000 higher than reported at September 30, 2015, and December 31, 2014, respectively.