B.	Inventories

Inventories consist of raw materials, work in process and finished goods. Raw materials, which principally consist of hops, apple juice, other brewing materials and packaging, are stated at the lower of cost, determined on the first-in, first-out basis, or net realizable value. The Company’s goal is to maintain on hand a supply of at least one year for essential hop varieties, in order to limit the risk of an unexpected reduction in supply. Inventories are generally classified as current assets. The Company classifies hops inventory in excess of two years of forecasted usage in other long term assets. The cost elements of work in process and finished goods inventory consist of raw materials, direct labor and manufacturing overhead. Inventories consist of the following:


	April 1,		December 31,
	2017		2016
	(in thousands)
Current inventory:
Raw materials	$	35,610	$	35,314
Work in process		8,555		8,131
Finished goods		10,279		9,054

Total current inventory		54,444		52,499
Long term inventory		9,170		6,316

Total inventory	$	63,614	$	58,815