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INVENTORIES

12 Months Ended

Dec. 31, 2013

Inventories at December 31, 2013 and 2012, consisted of the following (amounts in thousands):



	2013			2012
Raw material	$	130,403		$	153,308
Work-in-process	54,190			69,030
Finished goods	208,821			154,785
	393,414			377,123
Adjustment to LIFO basis	(8,494		)	(10,738		)
	$	384,920		$	366,385

If the Company were to liquidate the December 31, 2013 balance of LIFO basis inventory, it would pay tax of $3.1 million. If the Company would have liquidated the December 31, 2012 balance of LIFO basis inventory, it would have paid tax of $4.7 million.

- 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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