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INVENTORIES

12 Months Ended

Dec. 31, 2012

Inventories at December 31, 2012 and 2011, consisted of the following (amounts in thousands):



	2012			2011
Raw material	$	153,308		$	97,257
Work-in-process	69,030			31,141
Finished goods	154,785			75,137
	377,123			203,535
Adjustment to LIFO basis	(10,738		)	(12,663		)
	$	366,385		$	190,872

If the Company were to liquidate the December 31, 2012 balance of LIFO basis inventory, it would pay tax of $4.7 million.

- 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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