Quarterly report pursuant to Section 13 or 15(d)

Inventories, Net

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

NOTE 3 – INVENTORIES, NET

Inventories 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):

 

     March 31,
2012
     December 31,
2011
     March 31,
2011
 

Raw materials

   $ 1,196       $ 2,044       $ 1,321   

Work in process

     2,198         1,240         581   

Finished goods

     363,170         361,915         301,184   
  

 

 

    

 

 

    

 

 

 
   $ 366,564       $ 365,199       $ 303,086