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These excerpts taken from the RTI 10-K filed Feb 18, 2009. Inventories:
Inventories are valued at cost as determined by the
last-in,
first-out (“LIFO”) method for approximately 61% and
60% of the Company’s inventories as of December 31,
2008 and 2007, respectively. The remaining inventories are
valued at cost determined by a combination of the
first-in,
first-out (“FIFO”) and weighted-average cost methods.
Inventory costs generally include materials, labor, and
manufacturing overhead (including depreciation). When market
conditions indicate an excess of carrying cost over market
value, a lower-of-cost-or-market provision is recorded. The
Company recorded a LIFO decrement totaling $3,631 for the year
ended December 31, 2008. There was no LIFO decrement for
the year ended December 31, 2007.
Inventories consisted of the following:
As of December 31, 2008 and 2007, the current cost of
inventories exceeded their carrying value by $79,104 and
$85,870, respectively. The Company’s FIFO inventory value
approximates current costs.
Inventories: Inventories are valued at cost as determined by the last-in, first-out (“LIFO”) method for approximately 61% and 60% of the Company’s inventories as of December 31, 2008 and 2007, respectively. The remaining inventories are valued at cost determined by a combination of the first-in, first-out (“FIFO”) and weighted-average cost methods. Inventory costs generally include materials, labor, and manufacturing overhead (including depreciation). When market conditions indicate an excess of carrying cost over market value, a lower-of-cost-or-market provision is recorded. The Company recorded a LIFO decrement totaling $3,631 for the year ended December 31, 2008. There was no LIFO decrement for the year ended December 31, 2007. Inventories consisted of the following:
As of December 31, 2008 and 2007, the current cost of inventories exceeded their carrying value by $79,104 and $85,870, respectively. The Company’s FIFO inventory value approximates current costs. These excerpts taken from the RTI 10-K filed Feb 28, 2008. Inventories:
Inventories are valued at cost as determined by the
last-in,
first-out (“LIFO”) method for approximately 60% and
57% of the Company’s inventories as of December 31,
2007 and 2006, respectively. The remaining inventories are
valued at cost determined by a combination of the
first-in,
first-out (“FIFO”) and weighted-average cost methods.
Inventory costs generally include materials, labor, and
manufacturing overhead (including depreciation). When market
conditions indicate an excess of carrying cost over market
value, a lower-of-cost-or-market provision is recorded. A
decrement in LIFO inventories decreased pre-tax income by $5 for
the year ended December 31, 2006. There were no decrements
in either 2007 or 2005.
Inventories consisted of the following:
Table of Contents
RTI
INTERNATIONAL METALS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(In thousands, except share and per share amounts, unless
otherwise indicated)
As of December 31, 2007 and 2006, the current cost of
inventories, exceeded their carrying value by $85,870 and
$39,653, respectively. The Company’s FIFO inventory value
approximates current costs.
Inventories: Inventories are valued at cost as determined by the last-in, first-out (“LIFO”) method for approximately 60% and 57% of the Company’s inventories as of December 31, 2007 and 2006, respectively. The remaining inventories are valued at cost determined by a combination of the first-in, first-out (“FIFO”) and weighted-average cost methods. Inventory costs generally include materials, labor, and manufacturing overhead (including depreciation). When market conditions indicate an excess of carrying cost over market value, a lower-of-cost-or-market provision is recorded. A decrement in LIFO inventories decreased pre-tax income by $5 for the year ended December 31, 2006. There were no decrements in either 2007 or 2005. Inventories consisted of the following:
Table of ContentsRTI INTERNATIONAL METALS, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements (In thousands, except share and per share amounts, unless otherwise indicated) As of December 31, 2007 and 2006, the current cost of inventories, exceeded their carrying value by $85,870 and $39,653, respectively. The Company’s FIFO inventory value approximates current costs. This excerpt taken from the RTI 10-Q filed May 4, 2007. Note 6—INVENTORIES:
Inventories are valued at cost as determined by the
last-in,
first-out (“LIFO”) method for approximately 57% of the
Company’s inventories at March 31, 2007 and
December 31, 2006. The remaining inventories are valued at
cost determined by a combination of the
first-in,
first-out (“FIFO”) and weighted-average cost methods.
Inventory costs generally include materials, labor and
manufacturing overhead (including depreciation). When market
conditions indicate an excess of carrying cost over market
value, a
lower-of-cost-or-market
provision is recorded. Inventories consisted of the following:
As of March 31, 2007 and December 31, 2006, the
current cost of inventories exceeded their carrying value by
$66,883 and $39,653, respectively. The Company’s FIFO
inventory value is used to approximate current costs.
This excerpt taken from the RTI 10-K filed Feb 28, 2007. Inventories:
Inventories are valued at cost as determined by the
last-in,
first-out (“LIFO”) method for approximately 57% of the
Company’s inventories as of December 31, 2006 and
2005, respectively. The remaining inventories are valued at cost
determined by a combination of the
first-in,
first-out (“FIFO”) and weighted-average cost methods.
Inventory costs generally include materials, labor and
manufacturing overhead (including depreciation). When market
conditions indicate an excess of carrying cost over market
value, a
lower-of-cost-or-market
provision is recorded. A
Table of Contents
RTI
INTERNATIONAL METALS, INC. AND SUBSIDIARIES
Notes to
Consolidated Financial Statements
(In thousands, except share and per share amounts, unless
otherwise indicated)
decrement in LIFO inventories decreased pre-tax income by $5 and
$1,150 for the years ended December 31, 2006 and 2004,
respectively. There was no decrement in 2005.
Inventories consist of the following:
As of December 31, 2006 and 2005, the current cost of
inventories exceeded their carrying value by $39,653 and
$39,009, respectively. The Company’s FIFO inventory value
is used to approximate current costs.
This excerpt taken from the RTI 10-Q filed Nov 3, 2006. Note 6—INVENTORIES:
Inventories are valued at cost as determined by the
last-in,
first-out (“LIFO”) method for approximately 55.1% and
57.4% of the Company’s inventories at September 30,
2006 and December 31, 2005, respectively. The remaining
inventories are valued at cost determined by a combination of
the
first-in,
first-out (“FIFO”) and
Table of Contents
RTI
INTERNATIONAL METALS, INC. AND SUBSIDIARIES
Condensed Notes to Consolidated Financial Statements (Unaudited) (In thousands, except share and per share amounts, unless otherwise indicated)
weighted-average cost methods. Inventory costs generally include
materials, labor and manufacturing overhead (including
depreciation). When market conditions indicate an excess of
carrying cost over market value, a
lower-of-cost-or-market
provision is recorded. Inventories consisted of the following:
This excerpt taken from the RTI 10-Q filed Aug 4, 2006. Note 6—INVENTORIES:
Inventories are valued at cost as determined by the
last-in,
first-out (“LIFO”) method for approximately 57.1% and
57.4% of the Company’s inventories at June 30, 2006
and December 31, 2005, respectively. The remaining
inventories are valued at cost determined by a combination of
the
first-in,
first-out (“FIFO”) and weighted-average cost methods.
Inventory costs generally include materials, labor and
manufacturing overhead (including depreciation). When market
conditions indicate an excess of carrying cost over market
value, a
lower-of-cost-or-market
provision is recorded. Inventories consisted of the following:
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