Inventories

6 Months Ended

Jun. 26, 2021

Inventory Disclosure [Abstract]

Inventories

F. Inventories

Inventories consist of raw materials, work in process and finished goods.  Raw materials, which principally consist of hops, flavorings, 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:

	June 26, 2021		December 26, 2020
	(in thousands)
Current inventory:
Raw materials	$	106,365	$	69,272
Work in process		18,848		16,846
Finished goods		122,337		44,792
Total current inventory		247,550		130,910
Long term inventory		13,674		9,639
Total inventory	$	261,224	$	140,549