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Inventories

6 Months Ended

Jun. 28, 2014

Inventories consisted of the following:



	(In thousands)
	June 28,		December 31,
	2014		2013
Raw materials and supplies	$	78,630	$	75,985
Work in process	67,175		62,115
Finished goods	10,365		11,580
	156,170		149,680
Less progress payments	13,969		9,173
Total	$	142,201	$	140,507

- 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.

+ References+ Details