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Inventories, Net

6 Months Ended

Jun. 27, 2014

Inventories, Net

Inventories, net consisted of the following:



	June 27, 2014			December 31, 2013
	(In thousands)
Raw materials	$	185,676		$	145,689
Work in process	109,045			114,206
Finished goods	311,471			222,109
	606,192			482,004
Less: customer progress payments	(4,812		)	(4,078		)
Less: allowance for excess, slow-moving and obsolete inventory	(32,183		)	(32,773		)
Inventories, net	$	569,197		$	445,153

- 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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