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Note 5 - Inventories

12 Months Ended

Dec. 28, 2014

INVENTORIES

Inventories are summarized as follows:

	2014		2013
	(in thousands)
Finished goods	$	89,688	$	96,199
Work-in-process		9,898		9,569
Raw materials		42,581		43,875

	$	142,167	$	149,643

Reserves for inventory obsolescence amounted to $14.8 million and $13.4 million as of December 28, 2014, and December 29, 2013, respectively, and have been netted against amounts presented above.

- 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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