Note 7 – Inventories

Inventories at April 30 were as follows:

	2018			2017
Finished Goods	$	36,503		$	38,329
Work-in-Process		2,139			7,078
Paper and Other Materials		550			650
		39,192			46,057
Inventory Value of Estimated Sales Returns		4,626			4,727
LIFO Reserve		(4,329	)		(2,932	)
Total Inventories	$	39,489		$	47,852

See Note 2, "Summary of Significant Accounting Policies, Recently Issued and Recently Adopted Accounting Standards," under the caption "Sales Return Reserves," for a discussion of the Inventory Value of Estimated Sales Returns. Finished Goods are net of a reserve for inventory obsolescence of $18.2 million and $21.1 million as of April 30, 2018 and 2017, respectively.