Note 3 - Inventories

9 Months Ended

Dec. 30, 2017

Inventories

First-In, First-Out (“FIFO”) based inventory costs exceeded LIFO based inventory costs by

$152,091,000

as of the end of the

third

quarter of fiscal

2018

as compared to

$139,709,000

as of the end of the

third

quarter of fiscal

2017.

The change in the LIFO Reserve for the

three

months ended

December 30, 2017

was an increase of

$994,000

as compared to a decrease of

$3,941,000

for the

three

months ended

December 31, 2016.

The LIFO Reserve increased by

$18,835,000

in the

first

nine

months of fiscal

2018

compared to an increase of

$434,000

in the

first

nine

months of fiscal

2017.

This reflects the projected impact of an overall cost increase expected in fiscal

2018

versus fiscal

2017.