Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net

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Inventories, Net
6 Months Ended
Jun. 30, 2011
Inventories, Net  
Inventories, Net

NOTE 3 – INVENTORIES, NET

I nventories are carried at the lower of cost or market. Cost is determined using the first-in, first-out method. The Company periodically reviews its inventory for excess, close-out and slow moving items and makes provisions as necessary to properly reflect inventory value.

Inventories, net, consisted of the following (in thousands):

 

     June 30,
2011
     December 31,
2010
     June 30,
2010
 

Raw materials

   $ 2,038       $ 1,096       $ 1,073   

Work in process

     704         659         744   

Finished goods

     419,262         312,543         308,703   
  

 

 

    

 

 

    

 

 

 
   $ 422,004       $ 314,298       $ 310,520