XML 94 R11.htm IDEA: XBRL DOCUMENT

Inventories

12 Months Ended

Dec. 25, 2011

Inventories

Inventories as shown in the accompanying Consolidated Balance Sheets were as follows:



(In thousands)	December 25, 2011		December 26, 2010
Newsprint and magazine paper	$	16,927	$	12,596
Other inventory	4,160		3,536
Total	$	21,087	$	16,132

Inventories are stated at the lower of cost or current market value. Cost was determined utilizing the LIFO method for 71% of inventory in 2011 and 66% of inventory in 2010. The excess of replacement or current cost over stated LIFO value was approximately $5 million as of December 25, 2011 and December 26, 2010. The remaining portion of inventory is accounted for under the FIFO method.

- 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.

+ References+ Details