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Inventories

12 Months Ended

Dec. 31, 2012

7 INVENTORIES

Inventories consist of the following:


(In Thousands)		2012		2011
Finished goods	$	16,138	$	11,103
Work-in-process		7,451		6,874
Raw materials		28,758		24,148
Stores, supplies and other		22,323		19,165
Total	$	74,670	$	61,290

Inventories stated on the LIFO basis amounted to $10.9 million at December 31, 2012 and $12.1 million at December 31, 2011, which are below replacement costs by approximately $20.5 million at December 31, 2012 and $20.2 million at December 31, 2011. During 2012, 2011 and 2010, certain inventories accounted for on a LIFO basis declined, which resulted in cost of goods sold being stated at below current replacement costs, by approximately $2.7 million in 2012 ($1.1 million in Film Products and $1.6 million in Aluminum Extrusions), $1.1 million in Film Products in 2011 and $2.6 million in 2010 ($0.9 million in Film Products and $1.7 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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