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INVENTORIES

9 Months Ended

Sep. 30, 2013

3.	INVENTORIES

Inventories are stated at the lower of cost, primarily determined on the first-in, first-out (FIFO) method, or market. The cost of manufactured inventory includes raw material, labor and overhead. Inventories consist of the following (in thousands):

	September 30,		December 31,
	2013		2012
Raw materials and components	$	61,837	$	57,187
Work in progress		26,656		24,849
Finished goods		127,822		82,930
Aftermarket parts		10,802		9,882
Used trailers		12,489		14,639
	$	239,606	$	189,487

- 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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