Inventories

6 Months Ended

Oct. 02, 2011

Inventories [Abstract]

Inventories

Note 5 – Inventories

Inventories at October 2, 2011 and April 3, 2011 consisted of the following:

	October 2, 2011		April 3, 2011
(In thousands)
Finished goods (FIFO basis)	$	40,458	$	35,071
LIFO reserve		(6,257)		(5,854)
Net inventory	$	34,201	$	29,217

The first in, first out (“FIFO”) value of inventories accounted for under the last in, first out (“LIFO”) method was $34.4 million at October 2, 2011 and $28.6 million at April 3, 2011. The remainder of the inventory was valued and accounted for under the FIFO method.

The LIFO reserve increased $0.1 million during the three months ended October 2, 2011 compared to a decrease of $0.1 million the three months ended September 30, 2010. During the six months ended October 2, 2011, the LIFO reserve increased $0.4 million while the reserve increased $0.7 million in the six months ended September 30, 2010 as a result of the changes in inventory costs and inventory product mix. The valuation of LIFO inventory for interim periods is based on our estimates of year-end inventory levels and costs.