Astronics Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Inventories

Inventories

12 Months Ended

Dec. 31, 2011

Inventories [Abstract]

INVENTORIES

NOTE 3—INVENTORIES

Inventories at December 31 are as follows:


(In thousands)	2011		2010
Finished Goods	$	7,420	$	8,437
Work in Progress		8,477		6,274
Raw Material		24,197		23,052

	$	40,094	$	37,763

At December 31, 2011, the Company’s reserve for inventory valuation was $10.6 million, or 20.9% of gross inventory. At December 31, 2010, the Company’s reserve for inventory valuation was $11.2 million, or 22.8% of gross inventory.

- 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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