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INVENTORIES, NET
12 Months Ended
Dec. 31, 2019
INVENTORIES, NET  
INVENTORIES, NET

8. INVENTORIES, NET

Inventories, net of $218.0 million and $248.0 million at December 31, 2019 and 2018, respectively, primarily consist of finished goods to be utilized as rewards in the Company’s loyalty programs. For the year ended December 31, 2019, the Company recorded an inventory write-down of $18.4 million on certain discontinued product lines. See Note 14, “Restructuring and Other Charges,” for more information.