Inventories

Inventories are composed of material, labor and overhead and are stated at the lower of cost or market. Costs for inventories at two of the company's manufacturing facilities have been determined using the last-in, first-out ("LIFO") method. These inventories under the LIFO method amounted to $29.8 million at September 27, 2014 and $22.3 million at December 28, 2013 and represented approximately 11.5% and 10.1% of the total inventory at each respective period. The amount of LIFO reserve at September 27, 2014 and December 28, 2013 was not material. Costs for all other inventory have been determined using the first-in, first-out ("FIFO") method. The company estimates reserves for inventory obsolescence and shrinkage based on its judgment of future realization. Inventories at September 27, 2014 and December 28, 2013 are as follows:



	Sept 27, 2014		Dec 28, 2013
	(in thousands)
Raw materials and parts	$	122,484	$	110,310
Work-in-process	20,412		20,448
Finished goods	117,109		89,358
	$	260,005	$	220,116