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INVENTORY (Tables)
6 Months Ended
Jun. 30, 2017
Inventory Disclosure [Abstract]  
Schedule of Net Realizable Value of Inventory
The net realizable value of inventory consisted of the following:
 
June 30, 2017
 
December 31, 2016
 
(in thousands)
Finished product ready for sale (*)
$
492,788

 
$
509,209

Work-in-process, bulk product and raw materials (*)
75,111

 
67,275

Packaging supplies
6,752

 
6,728

Inventory
$
574,651

 
$
583,212



(*) The prior year December 31, 2016 balances have been revised for an $18.0 million correction in classification of certain amounts between Finished product ready for sale and Work-in-process, bulk product and raw materials. The correction had no impact on total inventory.