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Inventories

6 Months Ended

Jun. 30, 2011

Note 5. Inventories

Inventories consisted of the following:

	June 30,			June 30,			Dec. 31,
	2011			2010			2010
	(Dollars in thousands)

Raw materials	$	172,186		$	106,273		$	133,594
Work-in-process		122,771			86,936			83,375
Finished goods		502,579			436,800			276,578
Other		13,887			12,539			13,938
		811,423			642,548			507,485
Adjustment to value inventory
at cost on the LIFO method		(68,949	)		(78,904	)		(68,949	)
	$	742,474		$	563,644		$	438,536

- 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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