Inventories

12 Months Ended

Dec. 31, 2020

Inventory Disclosure [Abstract]

Inventories

NOTE 5. INVENTORIES

Inventories consist of published books from Regnery® Publishing. 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, 2019			December 31, 2020
	(Dollars in thousands)
Book inventories	$	1,988		$	1,994
Reserve for obsolescence		(1,271	)		(1,499	)
Inventory, net	$	717		$	495