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Inventories

12 Months Ended

Dec. 31, 2013

Note 8: Inventories

The major classes of inventories were as follows:


	December 31,
	2013			2012
	(In thousands)
Raw materials	$	85,379		$	92,072
Work-in-process		34,671			34,391
Finished goods		107,091			110,280
Perishable tooling and supplies		2,156			2,493

Gross inventories		229,297			239,236
Excess and obsolete reserves		(21,317	)		(23,954	)

Net inventories	$	207,980		$	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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