Note 5 - Inventories

9 Months Ended

Dec. 29, 2018

Notes to Financial Statements

Inventory Disclosure [Text Block]

5 . Inventories

First-In, First-Out (“FIFO”) based inventory costs exceeded LIFO based inventory costs by

$160,727,000

as of the end of the

third

quarter of fiscal

2019

as compared to

$152,091,000

as of the end of the

third

quarter of fiscal

2018.

The change in the LIFO Reserve for the

three

months ended

December 29, 2018

was an increase of

$25,776,000

as compared to an increase of

$994,000

(including a decrease of

$274,000

related to discontinued operations) for the

three

months ended

December 30, 2017.

The change in the LIFO Reserve for the

nine

months ended

December 29, 2018

was an increase of

$15,722,000

as compared to an increase of

$18,835,000

for the

nine

months ended

December 30, 2017 (

including a decrease of

$928,000

related to discontinued operations). The year-to-date increase includes a decrease of

$24,211,000

related to the LIFO impact for the gain on sale of Modesto Fruit which is included in Other Operating Income under Discontinued Operations and it includes an increase of

$39,933,000

related to Continuing Operations included in Cost of Product Sold. This reflects the projected impact of the disposal of Modesto Fruit which was entirely offset by an overall cost increase expected for continuing operations in fiscal

2019

versus fiscal

2018.