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Note 6 - Inventories

3 Months Ended

Sep. 28, 2014

6. Inventories

Inventories consist of the following:

	September 28, 2014			June 29, 2014
Raw materials	$	42,348		$	42,244
Supplies		5,051			5,345
Work in process		7,555			7,404
Finished goods		60,149			59,716
Gross inventories		115,103			114,709
Inventory reserves		(1,079	)		(1,339	)
Total inventories	$	114,024		$	113,370

The cost for the majority of the Company’s inventories is determined using the first-in, first-out method. Certain foreign inventories and limited categories of supplies of $31,909 and $32,822 as of September 28, 2014 and June 29, 2014, 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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