INVENTORY

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

The net realizable value of inventory consisted of the following:

	March 31, 2019		December 31, 2018
	(in thousands)
Finished product ready for sale	$	410,951	$	416,113
Work-in-process, bulk product and raw materials(1)	—		46,520
Packaging supplies(1)	—		2,939
Inventory	$	410,951	$	465,572

(1) The decrease in work-process, buck and raw materials and packaging supplies as of March 31, 2019 compared with December 31, 2018 is due to the transaction with IVC for the newly formed manufacturing joint venture effective March 1, 2019.