v3.26.3
INVENTORIES, NET
9 Months Ended
Sep. 30, 2026
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories consist principally of raw materials, packaging, non-food finished goods and packaged meal replacements, protein powder, and supplements held in the Company’s warehouses and outsourced distribution centers. Inventories are stated at the lower of cost or net realizable value, utilizing the first-in, first-out method. The cost of finished goods includes the cost of raw materials, packaging supplies, direct and indirect labor, and other indirect manufacturing costs. On a quarterly basis, management reviews inventories for unsalable or obsolete inventories.
Inventories consisted of the following (in thousands):
September 30, 2026December 31, 2025
Raw materials$5,783$4,915
Packaging1,5641,654
Non-food finished goods4061,216
Finished goods16,27816,785
Allowance for obsolete inventory
(2,829)(4,342)
Total$21,202$20,228