Note 8 – Inventories

Inventories, net at April 30 were as follows:

	2019			2018
Finished Goods	$	33,736		$	36,503
Work-in-Process		2,094			2,139
Paper and Other Materials		373			550
		36,203			39,192
Inventory Value of Estimated Sales Returns		3,739			4,626
LIFO Reserve		(4,360	)		(4,329	)
Total Inventories	$	35,582		$	39,489

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 $15.8 million and $18.2 million as of April 30, 2019 and 2018, respectively.