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INVENTORIES
9 Months Ended
Sep. 30, 2016
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]
INVENTORIES
 
Inventories consisted of the following (amounts in thousands):
 
September 30,
2016
 
December 31,
2015
Raw material
$
78,046

 
$
85,490

Work-in-process
33,174

 
31,866

Finished goods
170,422

 
158,997

 
281,642

 
276,353

Adjustment to LIFO
(3,559
)
 
(6,562
)
 
$
278,083

 
$
269,791


 
Inventories are valued at lower of cost or market. The majority of inventories are valued under the first-in, first-out (FIFO) method or average cost method. At September 30, 2016, approximately 7% of the Company's inventories were valued under the last-in, first-out (LIFO) method compared to 8% at December 31, 2015.