6. INVENTORIES

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


	April 1,			December 31,
	2017			2016
Finished goods	$	128,470		$	115,312
Raw materials		52,958			53,364
Work in process		2,611			2,810
Reserves for excess and obsolete inventory		(4,319	)		(5,860	)

	$	179,720		$	165,626