Inventories, Net

9 Months Ended

Oct. 31, 2011

4. INVENTORIES, NET

Inventories as of October 31, 2011 and January 31, 2011, respectively, consist of:


	October 31, 2011			January 31, 2011
	(In thousands)
Raw materials	$	47,360		$	51,783
Work in process		23,472			30,986
Finished goods		8,116			10,252

Total inventories		78,948			93,021
Less: reserves for excess and obsolete inventories		(25,065	)		(26,409	)

Inventories, net	$	53,883		$	66,612

- 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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