Inventories (Tables)

9 Months Ended

Sep. 30, 2019

Inventories

Schedule of inventories

Inventories are valued at the lower of cost or net realizable value with cost determined by the first-in, first-out method. Inventories consisted of the following (in thousands):

	As of		As of
	September 30, 2019		December 31, 2018
Finished goods	$	430,951	$	315,484
Raw materials and work in progress		12,352		27,468
Total inventories	$	443,303	$	342,952