HAWKINS INC - FORM 10-K - XML - IDEA: XBRL DOCUMENT - June 1, 2012

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Inventories
 12 Months Ended
Apr. 01, 2012
Inventories [Abstract]  
Inventories

Note 4 — Inventories

Inventories at April 1, 2012 and April 3, 2011 consisted of the following:

 

                 
    2012     2011  
(In thousands)            

Finished goods (FIFO basis)

   $ 35,072     $ 35,071  

LIFO reserve

     (7,439 )      (5,854 ) 
   

 

 

    

 

 

  

Net inventory

   $ 27,633     $ 29,217  
   

 

 

    

 

 

  

The FIFO value of inventories accounted for under the LIFO method were $30.6 million at April 1, 2012 and $28.6 million at April 3, 2011. The remainder of the inventory was valued and accounted for under the FIFO method.

We increased the LIFO reserve by $1.6 million in fiscal 2012 due primarily to the volume and mix of commodity chemicals in inventory at the end of the year. In fiscal 2011 we increased the LIFO reserve by $3.9 million due primarily to rising inventory costs, as well as higher inventory volumes at the end of fiscal 2011.

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