Question-and-Answer Session
Operator
Thank you. (Operators instructions) The first question comes from the line of Ed Aaron representing RBC Capital Markets. Please proceed.
Ed Aaron – RBC Capital Markets
Hi good morning everybody. Few questions for you. I was hoping you could give us the change – the year-over-year change in your inventory on the balance sheet, if you adjust out the impact of inflation.
Leigh Abrams
Inflation and higher quantities both impacted our inventories this quarter. As you know, sales dropping rapidly and some of the longer term commitments for inventory purchases we had, we did see an increase in the quantities as well. It's probably, I don't know, two-thirds or half quantities and the balance raw material costs.
Ed Aaron – RBC Capital Markets
That's helpful. Thanks.
Leigh Abrams
I should point out also that it is raw materials. We carry, as you know, very, very little cash goods. So in terms of our risk of obsolescence or any of those types of things, it is almost nothing. We have only about two weeks of finished goods or less actually on hand.
Ed Aaron – RBC Capital Markets
Okay, that's helpful, thank you. And then you mentioned in the press release the increase in the value of the inventory on the balance sheet for steel compared to what ran through the P&L for the second quarter. Would you happen to have those – if you would have made those comments in your last quarter press release, what would that increase have been?
Leigh Abrams
I honestly don't remember. I don't think we have that information. We can look into it and get back to you.
Ed Aaron – RBC Capital Markets
Okay thanks. And then just lastly, what was the contribution from price increases both in the RV segment and manufactured housing in the quarter?
Leigh Abrams
Yes. I'd really not give that information right now. We are working and developing that. We will have some additional disclosures in the 10-Q. It wasn't a huge amount of selling price increasing but clearly we did have selling price increase.
Ed Aaron – RBC Capital Markets
Okay, thanks guys.
Operator
The next question comes from the line of Kathryn Thompson representing Avondale Partners. Please proceed.
Kathryn Thompson – Avondale Partners
Hi Thanks. Could you remind us what percentage of cost of goods sold is of steel and then aluminum?
Leigh Abrams
Well, just broadly, we haven't really disclosed that type of information very specifically. But broadly, raw materials are about half of our sales dollar, a little bit more, and about half of those raw materials are steel and be a little bit more with the rise in steel. Aluminum is a lesser amount. I'm going to guess it is about, I don't know, 10% or 12% something in that range.
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