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INVENTORIES
9 Months Ended
Oct. 01, 2016
INVENTORIES  
INVENTORIES

 

6. INVENTORIES

 

Inventories are stated at the lower of cost (first-in, first-out) or market.  Cost for inventory is comprised of the purchase price of raw materials plus conversion costs.  Inventories by major classification are as follows:

 

 

 

October 1,

 

January 2,

 

 

 

2016

 

2016

 

Finished goods

 

$

134,927

 

$

136,762

 

Raw materials

 

46,063

 

48,894

 

Work in process

 

2,688

 

2,330

 

Reserves for excess and obsolete inventory

 

(5,507

)

(4,450

)

 

 

 

 

 

 

 

 

$

178,171

 

$

183,536