Inventories, Net

3 Months Ended

Mar. 31, 2012

Note 3 – Inventories, net:


	December 31, 2011		March 31, 2012
	(In thousands)
Raw materials:
Security Products	$	2,510	$	2,353
Furniture Components		3,314		3,553
Marine Components		933		886


Total raw materials		6,757		6,792


Work-in-process:
Security Products		5,778		5,778
Furniture Components		1,260		1,351
Marine Components		399		432


Total work-in-process		7,437		7,561


Finished goods:
Security Products		1,700		1,602
Furniture Components		2,994		3,076
Marine Components		690		630


Total finished goods		5,384		5,308


Total inventories, net	$	19,578	$	19,661

- 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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