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Inventories

12 Months Ended

Jun. 30, 2017

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following at June 30:

(in thousands)	2017				2016
Finished goods	$	290,817			$	284,054
Work in process and powder blends	166,857				166,274
Raw materials	87,627				68,472
Inventories at current cost	545,301				518,800
Less: LIFO valuation	(57,620		)		(59,970		)
Total inventories	$	487,681			$	458,830

We used the LIFO method of valuing inventories for approximately 43 percent and 44 percent of total inventories at June 30, 2017 and 2016, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

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