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Inventories

3 Months Ended

Mar. 30, 2014

Note 5: Inventories

The major classes of inventories were as follows:


	March 30, 2014			December 31, 2013
	(In thousands)
Raw materials	$	88,329		$	85,379
Work-in-process		35,334			34,671
Finished goods		115,422			107,091
Perishable tooling and supplies		2,139			2,156

Gross inventories		241,224			229,297
Excess and obsolete reserves		(21,126	)		(21,317	)

Net inventories	$	220,098		$	207,980

- 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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