Inventories, Net

6 Months Ended

Sep. 30, 2015

Notes To Financial Statements [Abstract]

Inventories, net are stated at the lower of cost or market. We use the last-in, first-out (“LIFO”) and first-in, first-out cost methods. An actual valuation of inventory under the LIFO method is made only at the end of the fiscal year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and are subject to the final fiscal year-end LIFO inventory valuation. Inventory costs include material, labor, and overhead. Inventories, net consisted of the following:



	September 30, 2015			March 31, 2015
Raw materials	$	76,165		$	67,095
Work in process	23,885			22,696
Finished goods	121,201			107,695
LIFO reserve	(17,972		)	(19,071		)
Reserve for excess and obsolete inventory	(19,328		)	(17,597		)
Inventories, net	$	183,951		$	160,818