Inventories

12 Months Ended

Feb. 28, 2011

Inventories [Abstract]

INVENTORIES

NOTE 7 – INVENTORIES

	February 28, 2011		February 28, 2010
Raw materials	$	21,248	$	18,609
Work in process		6,476		6,622
Finished products		212,056		194,283
		239,780		219,514
Less LIFO reserve		78,358		75,491
		161,422		144,023
Display material and factory supplies		18,308		19,933
	$	179,730	$	163,956

There were no material LIFO liquidations in 2011 and 2009. During 2010, inventory quantities declined resulting in the liquidation of LIFO inventory layers carried at lower costs compared with current year purchases. The income statement effect of such liquidation on material, labor and other production costs was approximately $13,000. Inventory held on location for retailers with SBT arrangements, which is included in finished products, totaled approximately $42,000 and $38,000 as of February 28, 2011 and 2010, respectively.