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Inventories

12 Months Ended

Dec. 31, 2011

INVENTORIES

Inventories consisted of the following (work-in-process is not material):



	December 31,
Dollar amounts in millions	2011			2010
Logs	$	26.5		$	22.4
Other raw materials	18.6			21.4
Finished products	109.6			100.3
Supplies	9.5			8.5
LIFO reserve	(0.6		)	(0.7		)
Total	$	163.6		$	151.9

During 2011 and 2010, liquidation of LIFO layers reduced cost of sales by $0.1 million and $0.2 million.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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