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Inventories
12 Months Ended
Dec. 31, 2016
Inventories [Abstract]  
Inventories

Note 6.

Inventory



Inventories at December 31, 2016 and 2015 are summarized in the following table:





 

 

 

 



 

 

 

 

 

 

December 31,

 

December 31,

 

 

2016

 

2015

 

 

 

Finished goods

$

46,673 

$

62,547 

Work-in-process

 

21,716 

 

20,178 

Raw materials

 

18,032 

 

19,492 

Total inventories at current costs

 

86,421 

 

102,217 

Less: LIFO reserve

 

(3,178)

 

(5,821)

 

$

83,243 

$

96,396 



At December 31, 2016 and 2015, the LIFO carrying value of inventories for book purposes exceeded the LIFO value for tax purposes by approximately $8,925 and $5,046, respectively.  At December 31, 2016, 2015, and 2014 liquidation of certain LIFO inventory layers carried at costs that were higher than the costs of current purchases resulted in increases in cost of goods sold of $1,304,  $115 and $6, respectively.