v3.19.1
INVENTORY AND LONG-TERM PARTS INVENTORY
12 Months Ended
Dec. 31, 2018
Inventory Disclosure [Abstract]  
INVENTORY AND LONG-TERM PARTS INVENTORY
INVENTORY AND LONG-TERM PARTS INVENTORY
The following summarizes our inventory, recorded at the lower of weighted average cost or estimated net realizable value as of December 31, 2018, and 2017, respectively (in thousands):
 
 
December 31,
 
 
2018
 
2017
Finished goods product inventory
 
$
48,370

 
$
54,577

In-process mineral inventory
 
24,325

 
19,822

Total product inventory
 
72,695

 
74,399

Current parts inventory, net
 
9,351

 
8,727

Total current inventory, net
 
82,046

 
83,126

Long-term parts inventory, net
 
30,031

 
30,611

Total inventory, net
 
$
112,077

 
$
113,737


Parts inventories are shown net of any required allowances. During the years ended December 31, 2018, 2017, and 2016, we recorded charges of approximately $1.7 million, $6.4 million, and $20.4 million, respectively, as a result of routine assessments of the lower of weighted average cost or estimated NRV on our finished goods product inventory.
During the conversion of the East plant to a Trio®-only facility in 2016, we suspended potash production at our East facility for a total of seven days. As a result, approximately $1.7 million of production costs at our East facility that would have been allocated to additional tons produced, were excluded from our inventory values and instead expensed as period production costs in the year ended December 31, 2016.