XML 65 R50.htm IDEA: XBRL DOCUMENT v3.8.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes [Abstract]

Consolidated Income Before Provision for Income Taxes

Consolidated income before provision for income taxes consists of the following for the years ended December 31, 2015, 2016 and 2017 (U.S. dollars in thousands):

		2015				2016				2017
U.S.		$	134,473			$	(19,119	)		$	1,135
Foreign			77,486				231,958				264,432
Total		$	211,959			$	212,839			$	265,567

Current and Deferred Taxes

The provision for current and deferred taxes for the years ended December 31, 2015, 2016 and 2017 consists of the following (U.S. dollars in thousands):

		2015				2016				2017
Current
Federal		$	6,328			$	─			$	(14,358	)
State			1,483				(718	)			1,814
Foreign			50,403				70,652				104,688
			58,214				69,934				92,144
Deferred
Federal			16,556				(27,171	)			45,593
State			(674	)			1,104				(2,273	)
Foreign			4,817				25,886				666
			20,699				(181	)			43,986
Provision for income taxes		$	78,913			$	69,753			$	136,130

Deferred Tax Assets and Liabilities

The principal components of deferred taxes are as follows (U.S. dollars in thousands):

		Year Ended December 31,
		2016				2017
Deferred tax assets:
Inventory differences		$	2,521			$	2,861
Foreign tax credit and other foreign benefits			145,169				52,408
Stock-based compensation			11,470				6,327
Accrued expenses not deductible until paid			32,796				39,326
Foreign currency exchange			4,826				2,001
Net operating losses			9,584				5,230
Capitalized research and development			358				197
Other			1,063				211
Gross deferred tax assets			207,787				108,561
Deferred tax liabilities:
Foreign currency exchange			105				874
Foreign withholding taxes		─					29,018
Intangibles step-up			12,107				6,568
Overhead allocation to inventory			4,820				3,977
Amortization of intangibles			19,091				11,475
Foreign outside basis in controlled foreign corporation			106,846			─
Other			20,572				2,676
Gross deferred tax liabilities			163,541				54,588
Valuation allowance			(9,137	)			(56,906	)
Deferred taxes, net		$	35,109			$	(2,933	)

Deferred Tax Asset Valuation Adjustments

The deferred tax asset valuation adjustments for the years ended December 31, 2015, 2016 and 2017 are as follows (U.S. dollars in thousands):

		Year Ended December 31,
		2015				2016				2017
Balance at the beginning of period		$	35,999			$	49,271			$	9,137
Additions charged to cost and expenses			12,948				692				53,983	(5)
Decreases			(2,943	)(1)			(40,442	)(4)			(6,400	)(6)
Adjustments			3,267	(2)			(384	)(2)			186	(2)
Balance at the end of the period		$	49,271	(3)		$	9,137			$	56,906

⁽¹⁾ Decreases in valuation allowance due to lapse in statute of limitation of the net operating losses carryforward which had no impact to the income statement.

⁽²⁾ Represents the net currency effects of translating valuation allowances at current rates of exchange.

⁽³⁾ The increase was due primarily to the deferred tax assets created by the unrealized loss in Venezuela for which the Company set up a full valuation allowance.

⁽⁴⁾ Decrease in valuation allowance due to lapse in statute of limitation of the net operating losses carryforward and due to the write off of Venezuelan deferred tax assets, which had no impact to the income statement.

⁽⁵⁾ Increase in valuation is due primarily to the $52.0 million that was recorded on the foreign tax credit carryforward.  The additional amount is due to net operating losses in foreign markets.

⁽⁶⁾  Decrease is due primarily to the write-off of Brazil deferred tax assets, which had no impact to the income statement, as a valuation allowance had been previously recorded against the asset.

Deferred Taxes, Net on a Jurisdiction Basis

The components of deferred taxes, net on a jurisdiction basis are as follows (U.S. dollars in thousands):

		Year Ended December 31,
		2016				2017
Net noncurrent deferred tax assets		$	35,752			$	33,785
Net noncurrent deferred tax liabilities			643				36,718
Deferred taxes, net		$	35,109			$	(2,933	)

Reconciliation of Statutory to Effective Tax Rate

The actual tax rate for the years ended December 31, 2015, 2016 and 2017 compared to the statutory U.S. Federal tax rate is as follows:

		Year Ended December 31,
		2015				2016				2017
Income taxes at statutory rate			35.00	%			35.00	%			35.00	%
Indefinite reinvestment			.92				(1.98	)			2.75
Excess tax benefit from equity award		─				─					(2.38	)
Non-deductible expenses			0.09				0.11				0.17
Controlled foreign corporation losses			1.09				(2.63	)			(0.13	)
Valuation allowance recognized foreign tax credit		─				─					19.59
Write-off outside basis DTL		─				─					(2.89	)
Revaluation of deferred taxes		─				─					(1.28	)
Section 987 implementation		─					2.69			─
Other			0.13				(0.42	)			0.43
			37.23	%			32.77	%			51.26	%

X

- Definition

Tabular disclosure of the change in the deferred tax asset valuation allowance.

+ References

No definition available.

+ Details

Name:	nus_DeferredTaxAssetValuationAdjustmentsTableTextBlock
Namespace Prefix:	nus_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the current and noncurrent components of net deferred tax assets or liabilities on a jurisdiction basis recognized in an entity's statement of financial position.

+ References

No definition available.

+ Details

Name:	nus_ScheduleOfComponentsOfDeferredTaxesNetTableTextBlock
Namespace Prefix:	nus_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration