Inventories, Net

6 Months Ended

Jun. 30, 2012

3.	Inventories, Net


		June 30, 2012			December 31, 2011			June 30, 2011
		(Dollars in Thousands)

Finished products	$	355,455		$	350,685		$	361,377
Products in process and raw materials		18,714			11,116			9,793
Supplies and expendable parts		55,201			53,287			51,388

		429,370			415,088			422,558
Less allowances		(97,386	)		(92,481	)		(86,193	)

Total	$	331,984		$	322,607		$	336,365

- 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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