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Note 5 - Inventories
 6 Months Ended
Sep. 29, 2018
Notes to Financial Statements  
Inventory Disclosure [Text Block]
5
.
Inventories
 
First-In, First-Out (“FIFO”) based inventory costs exceeded LIFO based inventory costs by
$134,953,000
as of the end of the
second
quarter of fiscal
2019
as compared to
$151,096,000
as of the end of the
second
quarter of fiscal
2018.
The change in the LIFO Reserve for the
three
months ended
September 29, 2018
was a net decrease of
$9,550,000
as compared to an increase of
$10,398,000
 (including a decrease of
$361,000
related to Discontinued Operations)  for the
three
months ended
September 30, 2017.
The current quarter net decrease includes a decrease of
$24,211,000
related to the LIFO impact of a gain related to the disposition of Modesto Fruit (reduction in inventory units) which is included in Earnings from Discontinued Operations and is partially offset by an increase of
$14,661,000
related to Continuing Operations included in Cost of Product Sold which is primarily due to higher steel costs for the Company's cans and higher pack costs for peas due to reduced yields in the fields.
 
The change in the LIFO Reserve for the
six
months ended
September 29, 2018
was a net decrease of
$10,054,000
as compared to an increase of
$17,841,000
(including a decrease of
$654,000
related to Discontinued Operations)  for the
six
months ended
September 30, 2017.
The year-to-date net decrease includes a decrease of
$24,211,000
related to the LIFO impact of gain on sale of Modesto Fruit which is included in Earnings From Discontinued Operations and includes an increase of
$14,157,000
related to Continuing Operations included in Cost of Product Sold. This reflects the projected impact of the disposal of Modesto Fruit partially offset by an overall cost increase expected in fiscal
2019
versus fiscal
2018.