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Inventories

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventories

4. Inventories

Inventories consist of the following:

December 31,		2018				2017
Finished goods		$	17,313			$	22,558
Materials and products in process			60,448				62,336
			77,761				84,894
Adjustment of inventories to a LIFO basis			(46,341	)			(45,180	)
		$	31,420			$	39,714

In 2018 and 2017, inventory quantities were reduced. These reductions resulted in liquidations 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 2018 and 2017 costs of products sold by approximately $0.6 million and $0.4 million, respectively.

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-URI http://asc.fasb.org/topic&trid=2126998

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