Inventories, net

3 Months Ended

Mar. 31, 2012

Note 5. Inventories, Net

Inventories, which are stated at the lower of cost (determined by means of the first-in, first-out method) or market, consist of the following:

	March 31, 2012		December 31, 2011
	(In thousands)

Finished goods, net	$	170,323	$	165,503
Work in process, net		5,409		5,144
Raw materials, net		84,181		77,450
Total inventories, net	$	259,913	$	248,097

- 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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