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Inventories

12 Months Ended

Dec. 31, 2011

Note 3 - Inventories

Inventories at December 31, 2011 and 2010, on a FIFO basis, were as follows:

	December 31, 2011		December 31, 2010
Raw materials	$	18,727	$	15,447
Work in process		18,425		14,096
Finished manufactured goods		35,675		26,275
Total inventories	$	72,827	$	55,818

Due to adoption of fresh-start reporting, inventories increased $3.0 million to reflect the increase in fair value over our normal valuation of inventories, which are stated at the lower of cost or market. The $3.0 million was amortized during 2010 as a component of cost of goods sold.

- 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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