Inventories

The components of inventory as of September 28, 2013 and June 29, 2013 are as follows:



	September 28, 2013		June 29, 2013
Raw Materials	$	12,292	$	11,583
Work in Process	2,129		1,846
Finished Goods	44,906		44,156
New Inventories	59,327		57,585
Merchandise In Service	111,468		107,421
Total Inventories	$	170,795	$	165,006

We review the estimated useful lives of our in-service inventory assets on a periodic basis or when trends in our business indicate that the useful lives for certain products might have changed. During the fourth quarter of fiscal year 2013, we completed an analysis of certain in-service inventory assets which resulted in the estimated useful lives for these assets being extended to better reflect the estimated periods in which the assets will remain in service. The effect of the change in estimate increased income from operations by $2,273, net income by $1,435 and basic and diluted earnings per common share by $0.07 for the three months ended September 28, 2013. In addition, the "Inventories, net" line item of the Consolidated Condensed Balance Sheets increased by approximately $2,273 during the three months ended September 28, 2013 and $4,878 on a cumulative basis.