Inventory, Net

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventory, Net

4. Inventory, Net

Inventory, net consists of the following (in thousands):

	June 30, 2022		December 31, 2021
Raw materials and work in process	$	19,039	$	24,436
Finished goods		53,232		108,294
Total inventory, net	$	72,271	$	132,730

Adjustments to the carrying value of excess inventory and inventory on hand to net realizable value were $15.1 million and $32.0 million during the three and six months ended June 30, 2022, respectively, and $0.8 million and $2.8 million during the three and six months ended June 30, 2021, respectively. These adjustments are included in the unaudited condensed consolidated statements of operations as a component of connected fitness cost of revenue and nutrition and other cost of revenue.