Quarterly report pursuant to Section 13 or 15(d)

INVENTORIES

v3.5.0.2
INVENTORIES
6 Months Ended
Jun. 30, 2016
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 market 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, 2015
 
June 30, 2016
 
 
 
(Dollars in thousands)
 
Regnery Publishing book inventories
 
$
2,186
 
$
2,612
 
Reserve for obsolescence – Regnery Publishing
 
 
(1,798)
 
 
(2,097)
 
Inventory net, Regnery Publishing
 
 
388
 
 
515
 
 
 
 
 
 
 
 
 
Wellness products
 
$
562
 
$
452
 
Reserve for obsolescence – Wellness products
 
 
(57)
 
 
(64)
 
Inventory, net Wellness products
 
 
505
 
 
388
 
 
 
 
 
 
 
 
 
Consolidated inventories, net
 
$
893
 
$
903