CSAR » Topics » Inventories

This excerpt taken from the CSAR 10-K filed Mar 13, 2009.

Inventories

 

Inventories are carried at the lower of cost or market. The costs included in inventory include raw materials (recovered fiber for paperboard products and paperboard for converted products), direct and indirect labor and employee benefits, energy and fuel, depreciation, chemicals, general manufacturing overhead and various other costs of manufacturing. General and administrative costs are not included in inventory costs.

 

Market, with respect to all inventories, is replacement cost or net realizable value. The Company reviews inventory at least quarterly to determine the necessity of write-offs for excess, obsolete or unsaleable inventory. The Company estimates reserves for inventory obsolescence and shrinkage based on management’s judgment of future realization. These reviews require management to assess customer and market demand. All inventories are valued using the first-in, first-out method.

 

Inventories at December 31, 2008 and 2007 were as follows (in thousands):

 

     2008    2007

Raw materials and supplies

   $ 21,394    $ 28,079

Finished goods and work in process

     32,334      37,333
             

Total inventory

   $ 53,728    $ 65,412
             

 

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CARAUSTAR INDUSTRIES, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

December 31, 2007, 2006 and 2005

 

This excerpt taken from the CSAR 10-K filed Mar 14, 2008.

Inventories

 

Inventories are carried at the lower of cost or market. The costs included in inventory include raw materials (recovered fiber for paperboard products and paperboard for converted products), direct and indirect labor and employee benefits, energy and fuel, depreciation, chemicals, general manufacturing overhead and various other costs of manufacturing. General and administrative costs are not included in inventory costs.

 

Market, with respect to all inventories, is replacement cost or net realizable value. The Company reviews inventory at least quarterly to determine the necessity of write-offs for excess, obsolete or unsaleable inventory. The Company estimates reserves for inventory obsolescence and shrinkage based on management’s judgment of future realization. These reviews require management to assess customer and market demand. All inventories are valued using the first-in, first-out method.

 

Inventories at December 31, 2007 and 2006 were as follows (in thousands):

 

     2007    2006

Raw materials and supplies

   $ 28,079    $ 35,682

Finished goods and work in process

     37,333      39,359
             

Total inventory

   $ 65,412    $ 75,041
             

 

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Table of Contents

CARAUSTAR INDUSTRIES, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

December 31, 2007, 2006 and 2005

 

This excerpt taken from the CSAR 10-K filed Mar 16, 2007.

Inventories

 

Inventories are carried at the lower of cost or market. The costs included in inventory include raw materials (recovered fiber for paperboard products and paperboard for converted products), direct and indirect labor and employee benefits, energy and fuel, depreciation, chemicals, general manufacturing overhead and various other costs of manufacturing. General and administrative costs are not included in inventory costs.

 

Market, with respect to all inventories, is replacement cost or net realizable value. The Company reviews inventory at least quarterly to determine the necessity of write-offs for excess, obsolete or unsaleable inventory. The Company estimates reserves for inventory obsolescence and shrinkage based on management’s judgment of future realization. These reviews require management to assess customer and market demand. All inventories are valued using the first-in, first-out method.

 

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CARAUSTAR INDUSTRIES, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

December 31, 2006, 2005 and 2004

 

Inventories at December 31, 2006 and 2005 were as follows (in thousands):

 

     2006    2005

Raw materials and supplies

   $ 35,682    $ 38,555

Finished goods and work in process

     39,359      32,404
             

Total inventory

   $ 75,041    $ 70,959
             

 

This excerpt taken from the CSAR 10-K filed Mar 16, 2006.

Inventories

 

Inventories are carried at the lower of cost or market. The costs included in inventory include raw materials (recovered fiber for paperboard products and paperboard for converted products), direct and indirect labor and employee benefits, energy and fuel, depreciation, chemicals, general manufacturing overhead and various other costs of manufacturing. General and administrative costs are not included in inventory costs.

 

Market, with respect to all inventories, is replacement cost or net realizable value. The Company reviews inventory at least quarterly to determine the necessity of write-offs for excess, obsolete or unsaleable inventory. The Company estimates reserves for inventory obsolescence and shrinkage based on management’s judgment of future realization. These reviews require management to assess customer and market demand. All inventories are valued using the first-in, first-out method.

 

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Table of Contents

CARAUSTAR INDUSTRIES, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

December 31, 2005, 2004 and 2003

 

Inventories at December 31, 2005 and 2004 were as follows (in thousands):

 

     2005

   2004

Raw materials and supplies

   $ 38,555    $ 40,094

Finished goods and work in process

     32,404      48,950
    

  

Total inventory

   $ 70,959    $ 89,044
    

  

 

This excerpt taken from the CSAR 10-K filed Mar 15, 2005.

Inventories

 

Inventories are carried at the lower of cost or market. The costs included in inventory include raw materials (recovered fiber for paperboard products and paperboard for converted products), direct and indirect labor and employee benefits, energy and fuel, depreciation, chemicals, general manufacturing overhead and various other costs of manufacturing. General and administrative costs are not included in inventory costs.

 

Market, with respect to all inventories, is replacement cost or net realizable value. The Company reviews inventory at least quarterly to determine the necessity of write-offs for excess, obsolete or unsaleable inventory. The Company estimates reserves for inventory obsolescence and shrinkage based on management’s judgment of future realization. These reviews require management to assess customer and market demand. All inventories are valued using the first-in, first-out method.

 

Inventories at December 31, 2004 and 2003 were as follows (in thousands):

 

     2004

   2003

Raw materials and supplies

   $ 40,094    $ 37,294

Finished goods and work in process

     48,950      50,314
    

  

Total inventory

   $ 89,044    $ 87,608
    

  

 

This excerpt taken from the CSAR 10-K filed Jan 14, 2005.

INVENTORIES

 

Inventories are stated at the lower of cost or market on a first-in, first-out basis.

 

Inventories consisted of the following (in thousands):

 

    

DECEMBER 28,

2002


  

DECEMBER 29,

2001


Raw materials

   $ 834    $ 861

Finished goods

     903      1,327
    

  

     $ 1,737    $ 2,188
    

  

 

This excerpt taken from the CSAR 10-K filed Jan 14, 2005.

Inventories

 

Inventories are carried at the lower of cost or market. The costs included in inventory include raw materials (recovered fiber for paperboard products and paperboard for converted products), direct and indirect labor and employee benefits, energy, depreciation, general manufacturing overhead and various other costs of manufacturing. General and administrative costs are not included in inventory costs.

 

Market, with respect to all inventories, is replacement cost or net realizable value. The Company reviews inventory at least quarterly to determine the necessity of write-offs for excess, obsolete or unsaleable inventory. The Company estimates reserves for inventory obsolescence and shrinkage based on management’s judgment of future realization. These reviews require management to assess customer and market demand. All inventories are valued using the first-in, first-out method.

 

Inventories at December 31, 2003 and 2002 were as follows (in thousands):

 

     2003

   2002

Raw materials and supplies

   $ 37,294    $ 46,781

Finished goods and work in process

     50,314      60,863
    

  

Total inventory

   $ 87,608    $ 107,644
    

  

 

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