Inventory, Net

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventory, Net

4. Inventory, Net

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

	September 30, 2022		December 31, 2021
Raw materials and work in process	$	18,361	$	24,436
Finished goods		49,632		108,294
Total inventory, net	$	67,993	$	132,730

Adjustments to the carrying value of excess inventory and inventory on hand to net realizable value were $0.3 million and $32.3 million during the three and nine months ended September 30, 2022, respectively, and $1.6 million and $4.4 million during the three and nine months ended September 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.