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INVENTORIES

6 Months Ended

Jun. 30, 2014

INVENTORIES, NET

Information regarding the Company's inventories is as follows (in thousands):



	June 30, 2014		December 31, 2013
Raw materials	$	53,844	$	49,479
Work-in-process	7,228		6,598
Finished goods	70,436		40,372
Total	$	131,508	$	96,449

The increase in inventory since December 31, 2013 is mainly attributable to the acquisition of HOLLY HUNT^®. Inventory reserves for obsolescence and other estimated losses were $7.7 million and $7.2 million at June 30, 2014 and December 31, 2013, respectively, and have been included in the amounts above.

- 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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