XML 25 R10.htm IDEA: XBRL DOCUMENT v2.3.0.15
Inventories
9 Months Ended
Sep. 30, 2011
Inventories [Abstract] 
Inventories

Note 4. Inventories

Inventories are stated at the lower of cost or market. Cost is determined using the first-in, first-out method.

Inventories are comprised of the following:

 

                 
    September 30,
2011		     December 31,
2010		  

Raw materials

   $ 13,881     $ 12,882  

Work in process

     8,991       8,837  

Finished goods

     22,012       21,467  

Less inventory reserves

     (1,017 )      (1,304 ) 
   

 

 

    

 

 

  
    $ 43,867     $ 41,882  
   

 

 

    

 

 

  

Inventories on consignment at customer locations as of September 30, 2011 and December 31, 2010 totaled $3,759 and $3,401, respectively.

During the first quarter of 2011, $2,407 of inventory at Eltmann was deconsolidated from the financial statements of NN. (See Note 1 of the Notes to Condensed Consolidated Financial Statements).

The inventory valuations above were developed using normalized production capacities for each of our manufacturing locations. Any costs from abnormal excess capacity or under-utilization of fixed production overheads are expensed in the period incurred and are not included as a component of inventory valuation.