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Inventories

3 Months Ended

Mar. 29, 2015

Note 5: Inventories

The major classes of inventories were as follows:


	March 29, 2015		December 31, 2014
	(In thousands)

Raw materials	$	112,535	$	106,955
Work-in-process		33,243		31,611
Finished goods		125,756		121,655

Gross inventories		271,534		260,221
Excess and obsolete reserves		(33,291)		(31,823)

Net inventories	$	238,243	$	228,398

- 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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