Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.10.0.1
Inventories
9 Months Ended
Sep. 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      September 30, 2018  
     (Dollars in thousands)  

Regnery Publishing book inventories

   $ 2,038      $ 1,341  

Reserve for obsolescence – Regnery Publishing

     (1,621      (786
  

 

 

    

 

 

 

Inventory, net - Regnery Publishing

     417        555  
  

 

 

    

 

 

 

Wellness products

   $ 349      $ 346  

Reserve for obsolescence – Wellness products

     (36      (10
  

 

 

    

 

 

 

Inventory, net - Wellness products

     313        336  
  

 

 

    

 

 

 

Consolidated inventories, net

   $ 730      $ 891