Accounts Receivable and Inventories

12 Months Ended

Dec. 31, 2012

Accounts Receivable and Inventories [Abstract]

Accounts Receivable and Inventories

Accounts Receivable and Inventories

Accounts receivable consist of the following:

	Accounts Receivable
(In thousands)	December 31 2012			December 31 2011
Trade accounts receivable	$	617,517		$	636,304
Less: Allowance for doubtful accounts	(17,253		)	(17,829		)
Trade accounts receivable, net	$	600,264		$	618,475
Other receivables (a)	$	39,836		$	44,431

(a) Other receivables include insurance claim receivables, employee receivables, tax claim receivables and other miscellaneous receivables not included in Trade accounts receivable, net.

The provision for doubtful accounts related to trade accounts receivable for the years ended December 31, 2012, 2011 and 2010:

	Years Ended December 31
(In thousands)	2012		2011		2010
Provision for doubtful accounts related to trade accounts receivable	$	11,266	$	7,880	$	9,962

Inventories consist of the following:

	Inventories
(In thousands)	December 31 2012		December 31 2011
Finished goods	$	69,904	$	78,445
Work-in-process	28,944		34,041
Raw materials and purchased parts	99,058		92,995
Stores and supplies	38,606		36,453
Total inventories	$	236,512	$	241,934
Valued at lower of cost or market:
LIFO basis	$	108,633	$	115,523
FIFO basis	14,641		13,087
Average cost basis	113,238		113,324
Total inventories	$	236,512	$	241,934

Inventories valued on the LIFO basis at December 31, 2012 and 2011 were approximately $28.5 million and $28.6 million, respectively, less than the amounts of such inventories valued at current costs.

As a result of reducing certain inventory quantities valued on the LIFO basis, net income increased from that which would have been recorded under the FIFO basis of valuation by $0.1 million, $0.1 million and $0.4 million in 2012, 2011 and 2010, respectively.