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Inventories

12 Months Ended

Dec. 31, 2017

Inventory Disclosure [Abstract]

Inventories

3.       Inventories

Inventories consist of the following:

December 31,		2017				2016
Finished goods		$	22,558			$	24,099
Materials and products in process			62,336				72,978
			84,894				97,077
Adjustment of inventories to a LIFO basis			(45,180	)			(42,542	)
		$	39,714			$	54,535

In 2017, inventory quantities were reduced. This reduction resulted in a liquidation of LIFO inventory quantities carried at lower costs prevailing in prior years as compared with the current cost of purchases, the effect of which decreased 2017 costs of products sold by approximately $0.4 million.

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- References

No definition available.

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- Definition

The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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