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Note 5 - Inventories

3 Months Ended

Sep. 29, 2013

5. Inventories

Inventories consist of the following:

	September 29, 2013			June 30, 2013
Raw materials	$	41,515		$	42,001
Supplies		5,275			5,286
Work in process		6,960			6,237
Finished goods		61,938			58,179
Gross inventories		115,688			111,703
Inventory reserves		(1,256	)		(1,036	)
Total inventories	$	114,432		$	110,667

The cost for the majority of the Company’s inventories is determined using the first-in, first-out method. Certain foreign inventories of $32,407 and $31,139 as of September 29, 2013 and June 30, 2013, respectively, were valued under the average cost method.

- 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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