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Inventories

6 Months Ended

Jun. 28, 2014

Note 5 – Inventories

Inventory reserves decreased due to the disposal of $1.98M of excess and obsolete inventory which was previously reserved for. The components of inventories are as follows (in thousands):


	As of
	June 28, 2014			December 31, 2013
Raw material	$	28,639		$	31,335
Work in process		749			415
Deferred costs of long-term contracts		212			294
Finished goods		107,270			101,540

Inventories, gross		136,870			133,584
Inventory reserves		(10,767	)		(12,561	)

Inventories, net	$	126,103		$	121,023

- 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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