Inventories, Net

6 Months Ended

Dec. 31, 2011

Note 4 – Inventories, net

Inventories, net consist of the following:


	December 31, 2011		June 30, 2011
Finished goods	$	192,864	$	153,469
Work in process		70,220		67,534
Raw materials		230,606		202,134

Inventories, net	$	493,690	$	423,137

At December 31, 2011 and June 30, 2011, our inventory reserves were $68.8 million and $73.3 million, respectively.

- 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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