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INVENTORIES

12 Months Ended

Dec. 31, 2011

(4) INVENTORIES

Inventories consisted of the following at December 31, 2011 and December 25, 2010:

	2011		2010

Raw materials and purchased parts	$	202,953	$	133,380
Work-in-process		28,053		25,891
Finished goods and manufactured goods		212,312		163,511

Subtotal		443,318		322,782
Less: LIFO reserve		49,536		42,559

	$	393,782	$	280,223

In 2010 and 2009, the Company reduced its LIFO inventory quantities, thereby liquidating a portion of its LIFO inventories acquired in prior years. The result of this liquidation was an increase in operating income of $1,509 and $5,503 for the fiscal years ended December 25, 2010 and December 26, 2009, respectively.

- 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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