INVENTORIES, NET

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements [Abstract]

Inventories, net, consist of the following:



	December 31,
(in thousands)	2012		2011

Finished goods	$	248,870	$	218,814
Work-in-process	72,533		66,952
Raw materials and supplies	81,537		75,996
Inventories, net	$	402,940	$	361,762

The Company’s inventory valuation reserve was $32.6 million and $35.1 million at December 31, 2012 and 2011, 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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