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Inventories

6 Months Ended

Jun. 30, 2012

Note 4. Inventories

Inventories consisted of the following:

	June 30,			June 30,			Dec. 31,
	2012			2011			2011
	(Dollars in thousands)

Raw materials	$	176,091		$	172,186		$	191,590
Work-in-process		120,758			122,771			116,790
Finished goods		527,103			502,579			327,810
Other		13,365			13,887			13,781
		837,317			811,423			649,971
Adjustment to value inventory at cost on the LIFO method		(95,937	)		(68,949	)		(95,823	)
	$	741,380		$	742,474		$	554,148

- 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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