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Note 6 - Inventories

9 Months Ended

Mar. 24, 2013

6. Inventories

Inventories consist of the following:

	March 24, 2013			June 24, 2012
Raw materials	$	38,319		$	43,296
Supplies		5,127			5,169
Work in process		7,356			6,604
Finished goods		59,658			59,659
Gross inventories		110,460			114,728
Inventory reserves		(1,711	)		(1,978	)
Total inventories	$	108,749		$	112,750

The cost for the majority of the Company’s inventories is determined using the first-in, first-out method. Certain foreign inventories of $31,537 and $35,145 as of March 24, 2013 and June 24, 2012, respectively, were valued under the average cost method.

- 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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