The Company has not yet determined what the effect of Statement No. 133 will be on its results of operations and financial position. The Company will adopt Statement No. 130, Reporting Comprehensive Income , concurrent with the adoption of Statement No. 133. Both transactions were accounted for as purchases and the Company's results of operations include the results of Bristol and Hickory since their respective dates of acquisition. Purchase price has been allocated to the assets acquired based on preliminary appraisals of estimated fair values. Such estimated values may change as the appraisals are finalized and more facts become known.
Inventories are principally raw materials.