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Inventories

3 Months Ended

Mar. 31, 2012

5. The components of inventories are as follows:


		March 31,		December 31,
(In Thousands)		2012		2011
Finished goods	$	13,340	$	11,103
Work-in-process		7,261		6,874
Raw materials		22,956		24,148
Stores, supplies and other		20,279		19,165
Total	$	63,836	$	61,290

During the first quarter of 2012, certain inventories accounted for on a LIFO basis declined permanently, which resulted in cost of goods sold being stated at below current replacement costs by approximately $0.5 million in Aluminum Extrusions.

- 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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