Inventories

Inventories at April 2, 2017 and April 3, 2016 consisted of the following:



	2017			2016
(In thousands)
Inventory (FIFO basis)	$	52,735		$	51,857
LIFO reserve	(1,486		)	(4,138		)
Net inventory	$	51,249		$	47,719

The FIFO value of inventories accounted for under the LIFO method was $37.0 million at April 2, 2017 and $36.5 million at April 3, 2016. The remainder of the inventory was valued and accounted for under the FIFO method.

We decreased the LIFO reserve by $2.7 million in fiscal 2017 and by $1.4 million in fiscal 2016 due to an overall reduction in inventory costs per unit and lower volumes of certain inventory on hand in each of these years.