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Inventories

3 Months Ended

Mar. 31, 2012

2.	Inventories

At March 31, 2012 and December 31, 2011, approximately 62% of the inventories were valued on the LIFO method with the remaining inventories valued on the FIFO method. Inventories were comprised of the following:


	(in thousands)
	March 31, 2012		December 31, 2011

Raw materials	$	19,602	$	20,798
Work-in-process		32,427		29,314
Finished goods		11,763		7,835
Supplies		11,271		10,597

	$	75,063	$	68,544

- 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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