Inventories

6 Months Ended

Sep. 29, 2019

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories at September 29, 2019 and March 31, 2019 consisted of the following:

	September 29, 2019			March 31, 2019
(In thousands)
Inventory (FIFO basis)	$	65,523		$	65,526
LIFO reserve	(4,719		)	(5,044		)
Net inventory	$	60,804		$	60,482

The first in, first out (“FIFO”) value of inventories accounted for under the last in, first out (“LIFO”) method was $47.5 million at September 29, 2019 and $45.2 million at March 31, 2019. The remainder of the inventory was valued and accounted for under the FIFO method.

The LIFO reserve decreased$0.3 million during the three months ended September 29, 2019 and increased$0.1 million during the three months ended September 30, 2018. During the six months ended September 29, 2019, the LIFO reserve decreased$0.3 million and increased$0.5 million during the six months ended September 30, 2018. The valuation of LIFO inventory for interim periods is based on our estimates of year-end inventory levels and costs.