7. Inventories

Inventories were as follows (in thousands):



		March 31,	December 31,
		2016	2015
Raw materials	$	5,383	5,822
Paper goods and packaging materials		4,935	4,504
Finished goods		7,106	6,021
Total	$	17,424	16,347

Inventories consisted of $9.1 million for Renin and $8.3 million for BBX Sweet Holdings as of March 31, 2016, and $8.4 million for Renin and $7.9 million for BBX Sweet Holdings as of December 31, 2015. Shipping and handling fees billed to the customers were recorded as trade sales and shipping and handling fees paid by BBX Capital were recorded as selling, general, and administrative expenses. Included in BBX Capital’s Consolidated Statements of Operations as selling, general, and administrative expenses for the three months ended March 31, 2016 and 2015 were $1.4 million and $1.4 million, respectively, of costs associated with shipping goods to customers.