6)	Inventories

Inventories are composed of material, labor and overhead and are stated at the lower of cost or market. Costs for inventory 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 $18.8 million at October 1, 2011 and $17.5 million at January 1, 2011 and represented approximately 15% and 16% of the total inventory in each respective period. 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 October 1, 2011 and January 1, 2011 are as follows:

	Oct 1, 2011		Jan 1, 2011
	(in thousands)

Raw materials and parts	$	64,774	$	60,452
Work-in-process		17,626		12,292
Finished goods		40,856		33,432
		123,256		106,176
LIFO reserve		287		287

	$	123,543	$	106,463