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Inventories

12 Months Ended

Dec. 31, 2014

INVENTORIES

Inventories consist of the following:



(In Thousands)	2014		2013
Finished goods	$	17,559	$	14,953
Work-in-process	10,089		7,750
Raw materials	25,227		24,477
Stores, supplies and other	21,433		23,483
Total	$	74,308	$	70,663

Inventories stated on the LIFO basis amounted to $12.2 million at December 31, 2014 and $10.0 million at December 31, 2013, which are below replacement costs by approximately $18.3 million at December 31, 2014 and $15.8 million at December 31, 2013. During 2014, 2013 and 2012, certain inventories accounted for on a LIFO basis declined, which resulted in cost of goods sold being stated at below current replacement costs, by approximately $1.0 million in Film Products in 2014, $0.9 million in Film Products in 2013 and $2.7 million in 2012 ($1.1 million in Film Products and $1.6 million in Aluminum Extrusions).

- 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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