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INVENTORIES

3 Months Ended

Mar. 31, 2013

3.	INVENTORIES

The following table summarizes our inventories:


	March 31, 2013			December 31, 2012
Raw materials and supplies	$	23,934		$	19,598
In-process inventories		8,011			5,039
Finished goods and goods for resale		122,283			152,973
Reserve for stock obsolescence		(2,115	)		(2,896	)


Total	$	152,113		$	174,714

Because of the nature of the products supplied by the Company, great attention is paid to inventory rotations. The number of days in inventory increased from approximately 45 days as of December 31, 2012 to approximately 53 days as of March 31, 2013. As a comparison, the number of days in inventory as of March 31, 2012 amounted to 41 days. Increase in inventory days in 2013 resulted primarily from general decline in Russian alcohol market.

- 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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