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Inventories

12 Months Ended

Apr. 30, 2013

Note 6 – Inventories

Inventories at April 30 were as follows (in thousands):

	2013			2012
Finished Goods	$	68,040		$	86,954
Work-in-Process		5,890			6,487
Paper, Cloth, and Other		6,577			8,072
		80,507			101,513
Inventory Value of Estimated Sales Returns		6,862			7,246
LIFO Reserve		(5,352	)		(7,522	)
Total Inventories	$	82,017		$	101,237

See Note 2, Summary of Significant Accounting Policies - Sales Return Reserves for a discussion of Inventory Value of Estimated Returns.

- 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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