Annual report pursuant to Section 13 and 15(d)

Inventories

v3.19.1
Inventories
12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
Inventories

NOTE 5. INVENTORIES

Inventories consist of finished goods including books from Regnery® Publishing and wellness products. All inventories are valued at the lower of cost or net realizable value as determined on a First-In First-Out (“FIFO”) cost method and reported net of estimated reserves for obsolescence.

The following table provides details of inventory on hand by segment:

 

     As of December 31,  
     2017      2018  
     (Dollars in thousands)  

Regnery® Publishing book inventories

   $ 2,038      $ 1,317  

Reserve for obsolescence—Regnery® Publishing

     (1,621      (930
  

 

 

    

 

 

 

Inventory, net—Regnery® Publishing

     417        387  
  

 

 

    

 

 

 

Wellness products

   $ 349      $ 354  

Reserve for obsolescence—Wellness products

     (36      (64
  

 

 

    

 

 

 

Inventory, net—Wellness products

     313        290  
  

 

 

    

 

 

 

Consolidated inventories, net

   $ 730      $ 677