Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.20.1
Inventories
3 Months Ended
Mar. 31, 2020
Inventory Disclosure [Abstract]  
Inventories
NOTE 6. INVENTORIES
Inventories consist of finished goods including books from Regnery
®
Publishing. All inventories are valued at the lower of cost or net realizable value as determined on a
First-In
First-Out
cost method net of estimated reserves for obsolescence.
The following table provides details of inventory on hand by segment:
 
     December 31, 2019     
March 31, 2020
 
    
(Dollars in thousands)
 
Regnery
®
Publishing book inventories
   $ 1,988     
$
2,078
 
Reserve for obsolescence – Regnery
®
Publishing
     (1,271   
 
(1,431
  
 
 
    
 
 
 
Inventory, net - Regnery
®
Publishing
   $ 717     
$
647