The Company will adopt Statement No. 130, Reporting Comprehensive Income , concurrent with the adoption of Statement 133. The transaction was accounted for as a purchase and Bristol's results of operations are included in the Company's results since the date of acquisition. The purchase price has been allocated to the assets acquired based on a preliminary appraisal of estimated fair values. Such estimated values may change as the appraisals are finalized and more facts become known. The transaction will be treated as a purchase and Hickory's results of operations will be included in those of the Company, beginning with the purchase date in the third quarter.
Inventories are principally raw materials.