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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Information [Abstract] |
Revenue by Segment | Summarized financial information for the Company’s reportable segments is shown in the following tables. Asset information is not reviewed or included with the Company’s internal management reporting. Therefore, the Company has not disclosed asset information for each reportable segment. Revenue by Segment
|  | Year Ended December 31, |
(U.S. dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Nu Skin |  |  |  |  |  |  |  |  |
Mainland China |  | $ | 625,538 |  |  | $ | 722,526 |  |  | $ | 886,472 |
Americas/Pacific |  |  | 511,941 |  |  |  | 349,078 |  |  |  | 385,034 |
South Korea |  |  | 326,478 |  |  |  | 329,978 |  |  |  | 373,357 |
Southeast Asia |  |  | 302,708 |  |  |  | 301,620 |  |  |  | 316,890 |
Japan |  |  | 273,681 |  |  |  | 260,039 |  |  |  | 254,939 |
EMEA |  |  | 230,246 |  |  |  | 167,165 |  |  |  | 182,394 |
Hong Kong/Taiwan |  |  | 161,117 |  |  |  | 166,335 |  |  |  | 185,893 |
Other |  |  | (17 | ) |  |  | 1,621 |  |  |  | 3,423 |
Total Nu Skin |  |  | 2,431,692 |  |  |  | 2,298,362 |  |  |  | 2,588,402 |
Manufacturing (1) |  |  | 149,339 |  |  |  | 121,917 |  |  |  | 90,606 |
Grow Tech |  |  | 903 |  |  |  | 137 |  |  |  | — |
Total |  | $ | 2,581,934 |  |  | $ | 2,420,416 |  |  | $ | 2,679,008 |
(1) | The Manufacturing segment had $39.4 million, $25.7 million and $23.5 million of intersegment revenue for the years ended December 31, 2020, 2019 and 2018, respectively. Intersegment revenue is eliminated in the consolidated financial statements and in the table above.
Segment Contribution | Segment Contribution
|  | Year Ended December 31, |
(U.S. dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Nu Skin |  |  |  |  |  |  |  |  |
Mainland China |  | $ | 181,024 |  |  | $ | 191,570 |  |  | $ | 253,598 |
Americas/Pacific |  |  | 91,627 |  |  |  | 57,090 |  |  |  | 52,433 |
South Korea |  |  | 100,933 |  |  |  | 99,892 |  |  |  | 107,215 |
Southeast Asia |  |  | 75,538 |  |  |  | 82,455 |  |  |  | 78,598 |
Japan |  |  | 68,027 |  |  |  | 61,081 |  |  |  | 56,676 |
EMEA |  |  | 24,078 |  |  |  | 10,195 |  |  |  | 14,773 |
Hong Kong/Taiwan |  |  | 33,466 |  |  |  | 33,569 |  |  |  | 33,392 |
Nu Skin contribution |  |  | 574,693 |  |  |  | 535,852 |  |  |  | 596,685 |
Manufacturing |  |  | 21,168 |  |  |  | 15,693 |  |  |  | 7,754 |
Grow Tech |  |  | (22,430 | ) |  |  | (19,509 | ) |  |  | (9,228 | )
Total segment contribution |  |  | 573,431 |  |  |  | 532,036 |  |  |  | 595,211 |
Corporate and other |  |  | (315,867 | ) |  |  | (264,610 | ) |  |  | (354,351 | )
Operating income |  |  | 257,564 |  |  |  | 267,426 |  |  |  | 240,860 |
Other income (expense) |  |  | (1,332 | ) |  |  | (12,254 | ) |  |  | (21,194 | )
Income before provision for income taxes |  | $ | 256,232 |  |  | $ | 255,172 |  |  | $ | 219,666 |
Depreciation and Amortization and Capital Expenditures | Depreciation and Amortization
|  | Year Ended December 31, |
(U.S. dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Nu Skin |  |  |  |  |  |  |  |  |
Mainland China |  | $ | 11,056 |  |  | $ | 10,496 |  |  | $ | 13,036 |
Americas/Pacific |  |  | 1,054 |  |  |  | 864 |  |  |  | 988 |
South Korea |  |  | 3,620 |  |  |  | 5,093 |  |  |  | 6,266 |
Southeast Asia |  |  | 1,600 |  |  |  | 1,915 |  |  |  | 2,123 |
Japan |  |  | 1,876 |  |  |  | 3,866 |  |  |  | 3,604 |
EMEA |  |  | 1,017 |  |  |  | 1,260 |  |  |  | 847 |
Hong Kong/Taiwan |  |  | 2,912 |  |  |  | 2,310 |  |  |  | 1,316 |
Total Nu Skin |  |  | 23,135 |  |  |  | 25,804 |  |  |  | 28,180 |
Manufacturing |  |  | 8,081 |  |  |  | 6,689 |  |  |  | 11,281 |
Grow Tech |  |  | 5,092 |  |  |  | 4,008 |  |  |  | 1,885 |
Corporate and other |  |  | 37,683 |  |  |  | 40,149 |  |  |  | 41,657 |
Total |  | $ | 73,991 |  |  | $ | 76,650 |  |  | $ | 83,003 |
Capital Expenditures
|  | Year Ended December 31, |
(U.S. dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Nu Skin |  |  |  |  |  |  |  |  |
Mainland China |  | $ | 19,363 |  |  | $ | 14,814 |  |  | $ | 11,658 |
Americas/Pacific |  |  | 1,090 |  |  |  | 1,340 |  |  |  | 974 |
South Korea |  |  | 1,420 |  |  |  | 1,223 |  |  |  | 285 |
Southeast Asia |  |  | 2,168 |  |  |  | 759 |  |  |  | 1,120 |
Japan |  |  | 3,128 |  |  |  | 1,528 |  |  |  | 788 |
EMEA |  |  | 1,875 |  |  |  | 364 |  |  |  | 734 |
Hong Kong/Taiwan |  |  | 708 |  |  |  | 3,203 |  |  |  | 4,113 |
Total Nu Skin |  |  | 29,752 |  |  |  | 23,231 |  |  |  | 19,672 |
Manufacturing |  |  | 14,366 |  |  |  | 6,595 |  |  |  | 5,486 |
Grow Tech |  |  | 2,499 |  |  |  | 6,938 |  |  |  | 14,591 |
Corporate and other |  |  | 17,206 |  |  |  | 29,303 |  |  |  | 30,622 |
Total |  | $ | 63,823 |  |  | $ | 66,067 |  |  | $ | 70,371 |
Revenue by Major Market | A major market is defined as one with total revenue greater than 10% of consolidated total revenue. Based on this criteria, the Company has identified four major markets: Mainland China, South Korea, United States, and Japan. There are approximately 45 other markets, each of which individually is less than 10%. No single customer accounted for 10% or more of net sales for the periods presented. Sales are recorded in the jurisdiction in which the transactions occurred:
|  | Year Ended December 31, |
(U.S. dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Mainland China |  | $ | 625,538 |  |  | $ | 722,526 |  |  | $ | 886,472 |
South Korea |  |  | 326,478 |  |  |  | 329,978 |  |  |  | 373,357 |
Japan |  |  | 273,681 |  |  |  | 260,039 |  |  |  | 254,939 |
United States |  |  | 425,155 |  |  |  | 324,727 |  |  |  | 311,436 |
All others |  |  | 931,082 |  |  |  | 783,146 |  |  |  | 852,804 |
Total |  | $ | 2,581,934 |  |  | $ | 2,420,416 |  |  | $ | 2,679,008 |
Revenue by Product Line | Revenue by Product Line
|  | Year Ended December 31, |
(U.S. dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
Personal Care |  | $ | 1,491,803 |  |  | $ | 1,423,485 |  |  | $ | 1,659,737 |
Wellness |  |  | 922,553 |  |  |  | 863,125 |  |  |  | 921,328 |
Other |  |  | 167,578 |  |  |  | 133,806 |  |  |  | 97,943 |
Total |  | $ | 2,581,934 |  |  | $ | 2,420,416 |  |  | $ | 2,679,008 |
Long-Lived Assets by Major Market | A major market is defined as a market with long-lived assets greater than 10% of consolidated long-lived assets and also includes the Company’s country of domicile (the United States). Long-lived assets in Mainland China consist primarily of property, plant and equipment related to manufacturing, distribution facilities and the Mainland China headquarters. Long-lived assets in the United States consist primarily of property, plant and equipment, including the Company’s corporate offices and distribution facilities. As a result of adoption of ASC 842, long-lived assets for 2020 and 2019 include our ROU assets. Long-lived assets by major market are set forth below for the periods ended December 31, 2020, 2019 and 2018:
|  | Year Ended December 31, |
(U.S. dollars in thousands) |  | 2020 |  |  | 2019 |  |  | 2018 |
United States |  | $ | 348,028 |  |  | $ | 354,410 |  |  | $ | 317,516 |
Mainland China |  |  | 152,312 |  |  |  | 136,845 |  |  |  | 89,447 |
South Korea |  |  | 39,104 |  |  |  | 35,286 |  |  |  | 36,325 |
Japan |  |  | 31,085 |  |  |  | 12,015 |  |  |  | 6,864 |
All others |  |  | 62,141 |  |  |  | 59,374 |  |  |  | 14,383 |
Total |  | $ | 632,670 |  |  | $ | 597,930 |  |  | $ | 464,535 |

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