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Inventories

3 Months Ended

Mar. 31, 2015


	Inventories

Inventories are valued at the lower of cost or market. Inventories at March 31, 2015 and December 31, 2014 consisted of the following:



	March 31, 2015			December 31, 2014
Inventories carried at LIFO:
Finished goods	$	45,589		$	41,687
Raw materials, production parts and work-in-process	26,113			24,458
LIFO reserve	(28,166		)	(28,166		)
Total LIFO inventories	43,536			37,979
Inventories carried at FIFO:
Finished goods	29,685			29,851
Raw materials, production parts and work-in-process	12,390			12,681
Total FIFO inventories	42,075			42,532
Total inventories	$	85,611		$	80,511

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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