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Inventory, Net
12 Months Ended
Dec. 31, 2021
Inventory Disclosure [Abstract]  
Inventory, Net

Note 5. Inventory, Net

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

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Raw materials and work in process

 

$

24,436

 

 

$

26,480

 

Finished goods

 

 

108,294

 

 

 

38,874

 

Total inventory

 

$

132,730

 

 

$

65,354

 

 

Adjustments to the carrying value of excess inventory and inventory on hand to net realizable value were $17.5 million, $2.8 million and $2.8 million during the years ended December 31, 2021, 2020 and 2019, respectively. These adjustments are included in the consolidated statements of operations as a component of nutrition and other cost of revenue and connected fitness cost of revenue.