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Inventories

12 Months Ended

Dec. 31, 2014


5.	Inventories

Inventories as of December 31, consisted of the following:



	2014			2013
Inventories carried at LIFO:
Finished goods	$	41,687		$	36,238
Raw materials, production parts and work-in-process	24,458			13,922
LIFO reserve	(28,166		)	(27,463		)
Total LIFO inventories	37,979			22,697
Inventories carried at FIFO:
Finished goods	29,851			31,489
Raw materials, production parts and work-in-process	12,681			12,720
Total FIFO inventories	42,532			44,209
Total Inventories	$	80,511		$	66,906

The LIFO reserve approximates the difference between LIFO carrying cost and FIFO.

- 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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