Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Mar. 29, 2014
Inventory Disclosure [Abstract]  

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:


(In thousands)    March 29,
     December 31,

Finished Goods

   $ 26,631       $ 21,627   

Work in Progress

     53,129         15,017   

Raw Material

     61,346         48,625   






   $ 141,106       $ 85,269   







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.