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Segments and Geographical Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summarized financial information by segment is as follows (in thousands):

						Year Ended December 31,
						2021						2020						2019
Net revenues
Clear Aligner						$	3,247,080					$	2,101,459					$	2,025,750
Systems and Services						705,504						370,482						381,046
Total net revenues						$	3,952,584					$	2,471,941					$	2,406,796
Gross profit
Clear Aligner						$	2,474,373					$	1,532,130					$	1,499,713
Systems and Services						460,982						231,105						244,184
Total gross profit						$	2,935,355					$	1,763,235					$	1,743,897
Income from operations
Clear Aligner						$	1,325,866					$	768,045					$	835,957
Systems and Services						259,127						96,052						137,720
Unallocated corporate expenses						(608,593)						(476,926)						(431,184)
Total income from operations						$	976,400					$	387,171					$	542,493
Stock-based compensation
Clear Aligner						$	10,648					$	8,975					$	9,220
Systems and Services						705						734						255
Unallocated corporate expenses						102,983						88,718						78,709
Total stock-based compensation						$	114,336					$	98,427					$	88,184
Depreciation and amortization
Clear Aligner						$	50,723					$	41,371					$	38,979
Systems and Services						21,581						16,798						7,441
Unallocated corporate expenses						36,425						35,369						32,570
Total depreciation and amortization						$	108,729					$	93,538					$	78,990
Impairments and other charges (gains), net
Clear Aligner						$	—					$	—					$	22,990
Total impairments and other charges (gains), net						$	—					$	—					$	22,990
Litigation settlement gain
Clear Aligner						$	—					$	—					$	(51,000)
Total litigation settlement gain						$	—					$	—					$	(51,000)

The following table reconciles total segment income from operations in the table above to net income before provision for (benefit from) income taxes and equity in losses of investee (in thousands):

						Year Ended December 31,
						2021						2020						2019
Total segment income from operations						$	1,584,993					$	864,097					$	973,677
Unallocated corporate expenses						(608,593)						(476,926)						(431,184)
Total income from operations						976,400						387,171						542,493
Interest income						3,103						3,125						12,482
Other income (expense), net						32,920						(11,347)						7,676
Net income before provision for (benefit from) income taxes and equity in losses of investee						$	1,012,423					$	378,949					$	562,651

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Net revenues are presented below by geographic area (in thousands): 

						Year Ended December 31,
						2021						2020						2019
Net revenues 1:
U.S.						$	1,724,296					$	1,099,564					$	1,161,959
Switzerland 2						1,353,229						809,080						—
China						275,503						199,851						196,733
The Netherlands 2						—						—						760,444
Other International						599,556						363,446						287,660
Total net revenues						$	3,952,584					$	2,471,941					$	2,406,796

1    Net revenues are attributed to countries based on the location of where revenues are recognized by our legal entities.

2     In 2020, we implemented a new international corporate structure. This changed the structure of international procurement and sales operations from the Netherlands to Switzerland.

Tangible long-lived assets, which includes Property, plant and equipment, net, and Operating lease right-of-use assets, net, are presented below by geographic area (in thousands):

						As of December 31,
						2021						2020
Long-lived assets 1:
Switzerland						$	444,205					$	257,337
U.S.						210,582						180,539
China						125,346						113,918
Costa Rica						92,204						97,804
Other International						330,846						167,676
Total long-lived assets						$	1,203,183					$	817,274

1    Long-lived assets are attributed to countries based on the location of our entity that owns or leases the assets.

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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