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Inventories

6 Months Ended

Jun. 30, 2013

Note 5: Inventories

The major classes of inventories were as follows:


	June 30, 2013			December 31, 2012
	(In thousands)
Raw materials	$	81,070		$	92,072
Work-in-process		35,375			34,391
Finished goods		112,488			110,280
Perishable tooling and supplies		2,349			2,493

Gross inventories		231,282			239,236
Obsolescence and other reserves		(21,591	)		(23,954	)

Net inventories	$	209,691		$	215,282

- 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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