Annual report pursuant to Section 13 and 15(d)

INVENTORIES

v3.7.0.1
INVENTORIES
12 Months Ended
Dec. 31, 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:
 
 
 
As of December 31, 2015
 
As of December 31, 2016
 
 
 
(Dollars in thousands)
 
Regnery Publishing book inventories
 
$
2,186
 
$
2,473
 
Reserve for obsolescence – Regnery Publishing
 
 
(1,798)
 
 
(2,104)
 
Inventory, net - Regnery Publishing
 
 
388
 
 
369
 
Wellness products
 
$
562
 
$
423
 
Reserve for obsolescence – Wellness products
 
 
(57)
 
 
(122)
 
Inventory, net - Wellness products
 
 
505
 
 
301
 
Consolidated inventories, net
 
$
893
 
$
670