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Inventories
9 Months Ended
Sep. 30, 2017
Inventory Disclosure [Abstract]  
Inventories
Inventories

A summary of inventories follows (in thousands):

        
 
September 30, 2017
 
December 31, 2016
Finished product
$
184,778

 
$
156,542

Work in process
100,147

 
87,284

Raw material
37,609

 
39,859

Supplies and other
52,564

 
47,130

 
$
375,098

 
$
330,815



In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2015-11, Simplifying the Measurement of Inventory. This ASU amends Topic 330, Inventory. The ASU simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost and net realizable value. The adoption of this standard on January 1, 2017 did not have a material impact on the Company's consolidated financial statements.