Note 2 - Inventory

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Inventory Disclosure [Text Block]

2   ) INVENTORY

The carrying values of inventory were as follows as of:

	September 30, 2017			December 31, 2016
At average cost (approximates current cost)
Finished goods	$	18,926		$	27,971
Work in process		2,046			1,913
Raw materials and supplies		30,797			25,127
		51,769			55,011
LIFO reserve		(8,246	)		(2,918	)
Total inventory	$	43,523		$	52,093

Lower of Cost or Market ("LCM") adjustments are recorded as a decrease in inventory values and an increase in cost of goods sold.

  The inventory is relieved at the LCM adjusted cost basis when sold.  There was

no

LCM adjustment in the

three

 months ended

September 30, 2017. 

In the

nine

months ended

September 30, 2017,

there were LCM adjustments of

$1,912

of which all impacted inventory was sold prior to

September 30, 2017.

For the 

three

and

nine

 months ended

September 30, 2016,

the LCM adjustment was

$1,877

.