Note 7.

Inventory

Inventories of continuing operations of the Company at December 31, 2013 and 2012 are summarized in the following table:



		December 31,		December 31,
		2013		2012

Finished goods	$	55,166	$	78,715
Work-in-process		11,332		17,693
Raw materials		19,485		19,764
Total inventories at current costs		85,983		116,172
Less: LIFO reserve		(9,027)		(9,064)
	$	76,956	$	107,108

At December 31, 2013 and 2012, the LIFO carrying value of inventories for book purposes exceeded the LIFO value for tax purposes by approximately $12,241 and $11,686, respectively. As of December 31, 2013, and 2012, liquidation of certain LIFO inventory layers carried at costs which were higher than the costs of current purchases resulted in increases in cost of goods sold of $1,128 and $15, respectively. During 2011, liquidation of LIFO layers carried at costs that were lower than current purchases resulted in a decrease to cost of goods sold of $33.