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Inventories

3 Months Ended

Mar. 02, 2013

5. Inventories

Inventories consist of:

	March 2, 2013		December 1, 2012

Nursery stock	$	15,261	$	13,058
Materials and supplies	1,989		1,148
	$	17,250	$	14,206

There was a charge of $31 to increase inventory reserves in the 2013 first quarter for product that was damaged by the trucking company during shipment to Imperial. A claim for the damaged product is included in other current assets on Griffin’s consolidated balance sheet as of March 2, 2013. There were no charges to increase inventory reserves in the 2012 first quarter.

- 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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