|12 Months Ended|
Dec. 31, 2016
|Inventory Disclosure [Abstract]|
The following table presents details related to our inventories, net:
The distinction between the use of different methods of inventory valuation is primarily based on product category, legal entity and geographic location of the manufacturing facility.
Inventory values were higher than would have been reported on a total FIFO basis by $0.4 million as of December 31, 2016 and lower than would have been reported on a total FIFO basis by $0.8 million as of December 31, 2015. See Note 2 for further discussion on our change in accounting policy for our Wood Flooring segment inventory.
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
Reference 1: http://www.xbrl.org/2003/role/presentationRef