Quarterly report pursuant to Section 13 or 15(d)

Inventories

 v2.3.0.11
Inventories
 6 Months Ended
Jul. 02, 2011
Inventories [Abstract]  
Inventories
2) Inventories
Inventories are stated at the lower of cost or market, cost being determined in accordance with the first-in, first-out method. Inventories are as follows:
                 
    July 2,     December 31,  
(in thousands)   2011     2010  
 
               
Finished Goods
  $ 9,383     $ 8,437  
Work in Progress
    8,380       6,274  
Raw Material
    23,063       23,052  
 
           
 
  $ 40,826     $ 37,763  
 
           
The Company records valuation reserves to provide for excess, slow moving or obsolete inventory or to reduce inventory to the lower of cost or market value. In determining the appropriate reserve, the Company considers the age of inventory on hand, the overall inventory levels in relation to forecasted demands as well as reserving for specifically identified inventory that the Company believes is no longer salable.