Quarterly report pursuant to Section 13 or 15(d)

Inventories

v3.21.1
Inventories
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Inventories
NOTE 5. INVENTORIES
Inventories consist of finished books from Regnery
®
Publishing. All inventories are valued at the lower of cost or net realizable value as determined on a
First-In
First-Out
cost method net of estimated reserves for obsolescence.
The following table provides details of inventory on hand:
 
     December 31, 2020     
March 31, 2021
 
    
(Dollars in thousands)
 
Book inventories
   $ 1,994     
$
2,027
 
Reserve for obsolescence
     (1,499   
 
(1,439
    
 
 
    
 
 
 
Inventory, net—
   $ 495     
$
588