XML 38 R13.htm IDEA: XBRL DOCUMENT

Inventories

12 Months Ended

Dec. 31, 2011

6. Inventories

A summary of inventories follows:

(In thousands)			December 31,
			2011		2010

Raw materials			$	13,170	$	6,337
Work in progress			1,709		1,343
Finished goods			3,254		2,895
Supplies			804		794
	Total Inventories		18,937		11,369
		Inventory reserve	(264)		(348)
	Net Inventories		$	18,673	$	11,021

Inventory is stated at the lower of cost or market, including adjustments for inventory expected to be sold below cost as a result of damage, deterioration, obsolescence or pricing factors. At December 31, 2011 and 2010, we maintained a reserve for obsolescence and unmarketable inventory of approximately $264,000 and $348,000, respectively.

Overhead is charged to inventory based on normal capacity and we expense abnormal amounts of idle facility expense, freight and handling costs in the period incurred. For the years ended December 31, 2011 and 2010, the Company recorded approximately $103,000 and $671,000, respectively, related to idle facility expense primarily at the U.S. and Malaysian operations.

- 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.

+ References+ Details