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Inventories

12 Months Ended

Dec. 31, 2011

Note 5 — Inventories

Inventories at year end consisted of the following:


	2011			2010
	(Dollars in thousands)
Raw materials	$	87,621		$	128,752
Work-in-process		45,486			54,098
Finished goods		198,587			194,032

		331,694			376,882
Less: Inventory reserve		(32,919	)		(38,284	)

Inventories, net	$	298,775		$	338,598

- 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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