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Inventories

6 Months Ended

Jun. 30, 2012

Inventories are comprised of the following:



	As of December 31, 2011			As of June 30, 2012
	(Dollars in thousands)
Inventories:
Raw materials and supplies	$	168,982		$	203,432
Work in process	205,968			262,833
Finished goods	73,821			92,852
	448,771			559,117
Reserves	(4,709		)	(4,546		)
	$	444,062		$	554,571

- 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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