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Note 3 - Inventories

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Inventory Disclosure [Text Block]

3. Inventories :

Inventories consisted of the following:

As of December 31,
(in thousands)		2016				2015
Unprocessed		$	203,256			$	163,942
Processed and finished			51,270				42,703
Totals		$	254,526			$	206,645

During

2016

and

2015,

the Company recorded

$1.5

million and

$3.3

million, respectively of LIFO income as a result of decreased metals pricing during

2016

and

2015.

The LIFO income increased the Company’s inventory balance and decreased its cost of materials sold.

If the FIFO method had been in use, inventories would have been

$8.0

million and

$6.6

million lower than reported at

December

31,

2016

and

2015,

respectively.

X

- References

No definition available.

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X

- 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 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

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