INVENTORY

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

The net realizable value of inventory consisted of the following:

	December 31,
	2019		2018
	(in thousands)
Finished product ready for sale	$	387,655	$	416,113
Work-in-process, bulk product and raw materials (1)	—		46,520
Packaging supplies (1)	—		2,939
Inventory	$	387,655	$	465,572

(1)

The decrease in work-in-process, bulk product and raw materials and packaging supplies as of December 31, 2019 compared with December 31, 2018 is due to the transfer of the Nutra manufacturing net assets to the Manufacturing JV effective March 1, 2019.