Inventories

6 Months Ended

Jun. 30, 2020

Inventories [Abstract]

Inventories

Note 4: Inventories

Inventories are stated at the lower of cost (determined using the moving average cost method) or net realizable value. Inventories consist primarily of merchandise held for sale. Inventories were comprised of the following as of June 30, 2020 and December 31, 2019:

	(in thousands)
	June 30,		December 31,
	2020		2019
Finished goods	$	77,170	$	95,435
Raw materials		1,883		2,185
Total	$	79,053	$	97,620

The Company provides provisions for losses related to shrinkage and other amounts that are otherwise not expected to be fully recoverable. These provisions are calculated based on historical shrinkage, selling price, margin and current business trends. The provision for losses related to shrinkage and other amounts was $0.7 million and $0.2 million as of June 30, 2020 and December 31, 2019, respectively.