Inventories, Net

3 Months Ended

Apr. 30, 2012

INVENTORIES, NET

Inventories, net as of April 30, 2012 and January 31, 2012 consist of:



	April 30, 2012			January 31, 2012
	(In thousands)
Raw materials	$	47,195		$	45,723
Work in process	18,835			15,021
Finished goods	7,737			7,599
Total inventories	73,767			68,343
Less: reserves for excess and obsolete inventories	(23,669		)	(23,938		)
Inventories, net	$	50,098		$	44,405

- 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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