Inventories, Net

9 Months Ended

Sep. 30, 2013

Note 5 – Inventories, net:

	December 31, 2012		September 30, 2013
	(In thousands)
Raw materials:
Security Products	$	2,310	$	2,909
Marine Components		943		1,085
Total raw materials		3,253		3,994
Work-in-process:
Security Products		5,458		6,020
Marine Components		444		687
Total work-in-process		5,902		6,707
Finished goods:
Security Products		1,578		1,732
Marine Components		490		493
Total finished goods		2,068		2,225
Total inventories, net	$	11,223	$	12,926

- 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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