XML 32 R11.htm IDEA: XBRL DOCUMENT

Inventories

9 Months Ended

Sep. 30, 2013


5.	Inventories

Inventories are valued at the lower of cost or market. Inventories at September 30, 2013 and December 31, 2012 consisted of the following:



	September 30, 2013			December 31, 2012
Inventories carried at LIFO:
Finished goods	$	37,796		$	33,546
Raw materials, production parts and work-in-process	13,555			14,291
LIFO reserve	(27,608		)	(27,608		)
Total LIFO inventories	23,743			20,229
Inventories carried at FIFO:
Finished goods	31,582			25,623
Raw materials, production parts and work-in-process	12,065			12,284
Total FIFO inventories	43,647			37,907
Total inventories	$	67,390		$	58,136

The LIFO reserve approximates the difference between LIFO carrying cost and FIFO.

- 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.

+ References+ Details