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Inventories

12 Months Ended

Dec. 30, 2012

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



(In thousands)	December 30, 2012		December 25, 2011
Newsprint and magazine paper	$	8,038	$	14,567
Other inventory	2,376		3,213
Total	$	10,414	$	17,780

Inventories are stated at the lower of cost or current market value. The cost of newsprint inventory, representing 75% and 82% of total inventory in 2012 and 2011, respectively, was determined utilizing the LIFO method. The excess of replacement or current cost over stated LIFO value was approximately $3 million and $5 million as of December 30, 2012 and December 25, 2011, respectively. 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.

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