Inventory (Tables)

3 Months Ended

Mar. 31, 2017

Net of Inventory Obsolescence Reserve

Inventory, which includes the ex-factory cost of goods, in-bound freight, duty and capitalized warehouse costs, is valued at the lower of cost (first-in, first-out) or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands):

	March 31,2017		December 31,2016
Raw materials	$	2,155	$	5,204
Finished goods		65,311		70,231
	$	67,466	$	75,435