Altra Holdings, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - April 30, 2012



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Inventories
3 Months Ended
Mar. 31, 2012
Inventories [Abstract]  
Inventories

7. Inventories

Inventories located at certain subsidiaries acquired in connection with the TB Wood’s acquisition are stated at the lower of cost or market, principally using the last-in, first-out (“LIFO”) method. The remaining subsidiaries are stated at the lower of cost or market, using the first-in, first-out (“FIFO”) method. Market is defined as net realizable value. Inventories at March 31, 2012 and December 31, 2011 consisted of the following:

 

                 
    March 31,     December 31,  
    2012     2011  

Raw materials

  $ 46,974     $ 45,664  

Work in process

    22,849       23,838  

Finished goods

    57,289       56,468  
   

 

 

   

 

 

 

Inventories

  $ 127,112     $ 125,970  
   

 

 

   

 

 

 

Approximately 11% of total inventories were valued using the LIFO method as of March 31, 2012 and December 31, 2011, respectively. The Company recorded a $0.1 million provision as a component of cost of sales to value the inventory on a LIFO basis for each of the quarters ended March 31, 2012 and April 2, 2011.

 

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