GNC 2009 Annual Report Download - page 86

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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
NOTE 3. RECEIVABLES
Receivables at each respective period consisted of the following:
December 31, December 31,
2008 2007
(in thousands)
Trade receivables $ 88,913 $ 83,107
Other 4,278 4,768
Allowance for doubtful accounts (4,147) (3,337)
Related party 369 128
$ 89,413 $ 84,666
NOTE 4. INVENTORIES
Inventories at each respective period consisted of the following:
December 31, 2008
Net Carrying
Gross cost Reserves Value
(in thousands)
Finished product ready for sale $ 311,218 $ (9,275) $ 301,943
Work-in-process, bulk product and raw materials 57,995 (1,111) 56,884
Packaging supplies 4,827 — 4,827
$ 374,040 $ (10,386) $ 363,654
December 31, 2007
Net Carrying
Gross cost Reserves Value
(in thousands)
Finished product ready for sale $ 287,430 $ (8,578) $ 278,852
Work-in-process, bulk product and raw materials 51,755 (1,281) 50,474
Packaging supplies 4,823 — 4,823
$ 344,008 $ (9,859) $ 334,149
80