Annual report pursuant to Section 13 and 15(d)

Inventories

v3.20.1
Inventories
 12 Months Ended
Dec. 31, 2019
Inventory Disclosure [Abstract]  
Inventories
NOTE 6. INVENTORIES
Inventories consist of finished goods including books from Regnery
®
Publishing and for the prior year wellness products. All inventories are valued at the lower of cost or net realizable value as determined on a
First-In
First-Out
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,
  
     2018     
2019
  
    
(Dollars in thousands)
  
Regnery
®
Publishing book inventories
    $ 1,317     
$
1,988
 
Reserve for obsolescence—Regnery
®
Publishing
      (930 )    
 
(1,271
) 
  
 
 
     
 
 
  
Inventory, net—Regnery
®
Publishing
      387     
 
717
 
  
 
 
     
 
 
  
Wellness products
    $ 354     
$
—
 
Reserve for obsolescence—Wellness products
      (64 )    
 
—
 
  
 
 
     
 
 
  
Inventory, net—Wellness products
      290     
 
—
 
  
 
 
     
 
 
  
Consolidated inventories, net
    $ 677     
$
717