Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.10.0.1
INVENTORIES
6 Months Ended
Jun. 30, 2018
Inventory Disclosure [Abstract]  
INVENTORIES
NOTE 6. 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:
 
 
 
December 31, 2017
 
 
June 30, 2018
 
 
 
(Dollars in thousands)
 
Regnery Publishing book inventories
 
$
2,038
 
 
$
1,169
 
Reserve for obsolescence – Regnery Publishing
 
 
(1,621
)
 
 
(689
)
Inventory, net - Regnery Publishing
 
 
417
 
 
 
480
 
Wellness products
 
$
349
 
 
$
479
 
Reserve for obsolescence – Wellness products
 
 
(36
)
 
 
(6
)
Inventory, net - Wellness products
 
 
313
 
 
 
473
 
Consolidated inventories, net
 
$
730
 
 
$
953