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Inventory

12 Months Ended

Dec. 31, 2014

Note 7.

Inventory

Inventories of continuing operations of the Company at December 31, 2014 and 2013 are summarized in the following table:



		2014		2013

Finished goods	$	65,335	$	55,166
Work-in-process		16,188		11,332
Raw materials		21,855		19,485
Total inventories at current costs		103,378		85,983
Less: LIFO reserve		(8,289)		(9,027)
	$	95,089	$	76,956

At December 31, 2014 and 2013, the LIFO carrying value of inventories for book purposes exceeded the LIFO value for tax purposes by approximately $11,697 and $12,241, respectively. As of December 31, 2014, 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 $6, $1,128 and $15 respectively.

- 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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