Inventories

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories are stated at the lower of standard cost or net realizable value.

We regularly review our inventories for the presence of obsolete product attributed to age, seasonality and quality. If our review indicates a reduction in utility below the product’s carrying value, we reduce the product to a new cost basis. We record the cost of inventory for which we estimate we have more than a twelve-month supply as a component of Intangible and other assets, net on our Consolidated Balance Sheets.

Inventories consisted of the following (in thousands):

	June 30, 2020		December 31, 2019
Raw materials	$	7,033	$	8,435
Work in process	3,859		2,862
Finished goods	6,157		4,651
Packaging materials	3,533		1,981
Promotional merchandise	704		661
Brewpub food, beverages and supplies	576		552
	$	21,862	$	19,142

Work in process is beer held in fermentation tanks prior to the filtration and packaging process.