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Inventories, Net

3 Months Ended

Mar. 31, 2014

Note 4 – Inventories, net:

	December 31,		March 31,
	2013		2014
	(In thousands)
Raw materials:
Security Products	$	2,565	$	2,320
Marine Components		1,000		504
Total raw materials		3,565		2,824
Work-in-process:
Security Products		5,992		8,342
Marine Components		704		1,245
Total work-in-process		6,696		9,587
Finished goods:
Security Products		2,349		1,751
Marine Components		625		969
Total finished goods		2,974		2,720
Total inventories, net	$	13,235	$	15,131

- 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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