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Inventories
9 Months Ended
Oct. 06, 2012
Inventory Disclosure [Text Block]

Note 5 – Inventories


                We use the LIFO method for valuation of a substantial portion of our inventories.  An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs.  Because these estimates are subject to many factors beyond management’s control, interim results are subject to the final year-end LIFO inventory valuation.  If the FIFO method had been used, inventories would have been approximately $89.4 million higher on October 6, 2012 and $87.3 million higher on December 31, 2011.  We recorded a LIFO charge of $1.4 million during the third quarter 2012 as compared to a LIFO charge of $7.1 million during the third quarter 2011.  During year-to-date 2012, we recorded a LIFO charge of $2.0 million as compared to a LIFO charge of $9.7 million during year-to-date 2011.