Inventories, net

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories, net

Inventories, net

Inventories, net consisted of the following as of December 31:

	2023		2022
Raw materials and work-in-process	$	13,723	$	23,272
Consumable tooling	37,198		28,548
Finished goods on hand	18,842		11,794
Finished goods subject to repurchase accounting	—		95,270
Total inventories	$	69,763	$	158,884

We recorded no reductions from the cost to net realizable value for the year ended December 31, 2023, beyond the $123.3 million recognized as a result of the termination of all contracts with the customer for the Q4 2022 Transactions (see Note 5, Revenue—Repurchase Accounting). Due to a change in estimate about the likelihood and extent of their use, we recorded a reduction in the cost of raw materials inventories to net realizable value of $2.7 million for year ended December 31, 2022.