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Inventories

12 Months Ended

Dec. 31, 2012

NOTE 5. INVENTORIES

The components of inventories at December 31 are as follows:


	2012			2011
	(Dollars in thousands)
Raw materials	$	167,097		$	191,590
Work-in-process		108,385			116,790
Finished goods		330,077			327,810
Other		13,259			13,781

		618,818			649,971
Adjustment to value inventory at cost on the LIFO method		(102,891	)		(95,823	)

	$	515,927		$	554,148

Inventories include $77.8 million and $77.0 million recorded on the FIFO method at December 31, 2012 and 2011, respectively, and $145.0 million and $153.7 million recorded on the average cost method 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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