Inventories

Inventories are composed of material, labor and overhead and are stated at the lower of cost or market. Costs for 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 March 30, 2019 and December 29, 2018 are as follows (in thousands):



	Mar 30, 2019		Dec 29, 2018
Raw materials and parts	$	269,346	$	245,976
Work-in-process	59,818		51,164
Finished goods	251,010		224,670
	$	580,174	$	521,810