Inventories (Tables)

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

Schedule Changes in Accounting Principles

The following table summarizes the effect of this accounting change on the Company’s consolidated statements of operations for the quarter ended March 31, 2015:

	Quarter Ended March 31, 2015
(Dollars in thousands, except per share amounts)	As Originally Reported Under LIFO		As Adjusted under FIFO		Effect of Change
Cost of sales	$	102,696	$	102,626	$	(70	)
Net income	$	13,627	$	13,643	$	16
Basic earnings per share	$	0.74	$	0.74	$	—
Diluted earnings per share	$	0.72	$	0.72	$	—

Inventories

Inventories were as follows at the end of the periods noted below:

(Dollars in thousands)	March 31, 2016		December 31, 2015
Raw materials	$	34,453	$	35,499
Work-in-process	23,762		22,804
Finished goods	32,285		33,521
Total Inventories	$	90,500	$	91,824