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v3.23.3

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Information [Abstract] |
Revenue by Segment | Revenue by Segment
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 91,671 |  |  | $ | 131,591 |  |  | $ | 300,469 |  |  | $ | 379,616 |
Mainland China |  |  | 70,225 |  |  |  | 75,151 |  |  |  | 226,563 |  |  |  | 286,454 |
Southeast Asia/Pacific |  |  | 68,743 |  |  |  | 83,502 |  |  |  | 200,317 |  |  |  | 267,805 |
South Korea |  |  | 63,709 |  |  |  | 67,237 |  |  |  | 187,719 |  |  |  | 208,678 |
Japan |  |  | 53,399 |  |  |  | 53,276 |  |  |  | 156,867 |  |  |  | 171,019 |
Europe & Africa |  |  | 50,048 |  |  |  | 45,099 |  |  |  | 144,460 |  |  |  | 148,938 |
Hong Kong/Taiwan |  |  | 40,724 |  |  |  | 39,587 |  |  |  | 112,380 |  |  |  | 117,408 |
Nu Skin other |  |  | (274 | ) |  |  | 496 |  |  |  | 208 |  |  |  | 2,434 |
Total Nu Skin |  |  | 438,245 |  |  |  | 495,939 |  |  |  | 1,328,983 |  |  |  | 1,582,352 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing (1) |  |  | 49,714 |  |  |  | 41,328 |  |  |  | 131,032 |  |  |  | 119,898 |
Rhyz other |  |  | 10,813 |  |  |  | 538 |  |  |  | 20,476 |  |  |  | 1,069 |
Total Rhyz Investments |  |  | 60,527 |  |  |  | 41,866 |  |  |  | 151,508 |  |  |  | 120,967 |
Total |  | $ | 498,772 |  |  | $ | 537,805 |  |  | $ | 1,480,491 |  |  | $ | 1,703,319 |
(1) | The Manufacturing segment had $16.2 million and $17.5 million of intersegment revenue for the three months ended September 30, 2023 and 2022, respectively, and $44.3 million and $48.9 million for the nine months ended September 30, 2023 and 2022, respectively. Intersegment revenue is eliminated in the consolidated financial statements, as well as the reported segment revenue in the table above.
Segment Contribution | Segment Contribution
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 16,627 |  |  | $ | 19,644 |  |  | $ | 61,730 |  |  | $ | 68,324 |
Mainland China |  |  | 15,223 |  |  |  | 12,933 |  |  |  | 48,192 |  |  |  | 54,873 |
Southeast Asia/Pacific |  |  | 13,190 |  |  |  | 18,098 |  |  |  | 37,057 |  |  |  | 61,091 |
South Korea |  |  | 19,433 |  |  |  | 19,671 |  |  |  | 60,399 |  |  |  | 61,497 |
Japan |  |  | 14,617 |  |  |  | 12,295 |  |  |  | 40,033 |  |  |  | 39,382 |
Europe & Africa |  |  | 6,562 |  |  |  | 2,047 |  |  |  | 15,145 |  |  |  | 9,536 |
Hong Kong/Taiwan |  |  | 10,146 |  |  |  | 7,737 |  |  |  | 28,128 |  |  |  | 24,337 |
Nu Skin contribution |  |  | 95,798 |  |  |  | 92,425 |  |  |  | 290,684 |  |  |  | 319,040 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  |  | 4,838 |  |  |  | 1,755 |  |  |  | 7,683 |  |  |  | 6,235 |
Rhyz other |  |  | (5,966 | ) |  |  | (1,724 | ) |  |  | (11,318 | ) |  |  | (4,069 | )
Rhyz Investments contribution |  |  | (1,128 | ) |  |  | 31 |  |  |  | (3,635 | ) |  |  | 2,166 |
Total segment contribution |  |  | 94,670 |  |  |  | 92,456 |  |  |  | 287,049 |  |  |  | 321,206 |
Corporate and other |  |  | (121,035 | ) |  |  | (112,740 | ) |  |  | (254,844 | ) |  |  | (237,818 | )
Operating income (loss) |  |  | (26,365 | ) |  |  | (20,284 | ) |  |  | 32,205 |  |  |  | 83,388 |
Other expense, net |  |  | (8,086 | ) |  |  | (8,680 | ) |  |  | (14,955 | ) |  |  | (18,773 | )
Income (loss) before provision for income taxes |  | $ | (34,451 | ) |  | $ | (28,964 | ) |  | $ | 17,250 |  |  | $ | 64,615 |
Depreciation and Amortization and Capital Expenditures | Depreciation and Amortization
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 115 |  |  | $ | 89 |  |  | $ | 307 |  |  | $ | 480 |
Mainland China |  |  | 2,742 |  |  |  | 3,528 |  |  |  | 8,127 |  |  |  | 9,088 |
Southeast Asia/Pacific |  |  | 257 |  |  |  | 382 |  |  |  | 813 |  |  |  | 1,144 |
South Korea |  |  | 310 |  |  |  | 377 |  |  |  | 1,062 |  |  |  | 1,137 |
Japan |  |  | 93 |  |  |  | 148 |  |  |  | 1,241 |  |  |  | 670 |
Europe & Africa |  |  | 271 |  |  |  | 125 |  |  |  | 810 |  |  |  | 599 |
Hong Kong/Taiwan |  |  | 715 |  |  |  | 743 |  |  |  | 1,990 |  |  |  | 2,152 |
Total Nu Skin |  |  | 4,503 |  |  |  | 5,392 |  |  |  | 14,350 |  |  |  | 15,270 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  |  | 3,297 |  |  |  | 3,161 |  |  |  | 10,050 |  |  |  | 9,773 |
Rhyz other |  |  | 2,048 |  |  |  | 592 |  |  |  | 3,816 |  |  |  | 1,776 |
Total Rhyz Investments |  |  | 5,345 |  |  |  | 3,753 |  |  |  | 13,866 |  |  |  | 11,549 |
Corporate and other |  |  | 8,344 |  |  |  | 9,025 |  |  |  | 24,123 |  |  |  | 27,116 |
Total |  | $ | 18,192 |  |  | $ | 18,170 |  |  | $ | 52,339 |  |  | $ | 53,935 |
Capital Expenditures
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 18 |  |  | $ | 23 |  |  | $ | 209 |  |  | $ | 152 |
Mainland China |  |  | 3,496 |  |  |  | 2,946 |  |  |  | 12,265 |  |  |  | 9,066 |
Southeast Asia/Pacific |  |  | 130 |  |  |  | 19 |  |  |  | 321 |  |  |  | 143 |
South Korea |  |  | 361 |  |  |  | 35 |  |  |  | 522 |  |  |  | 613 |
Japan |  |  | 81 |  |  |  | 16 |  |  |  | 84 |  |  |  | 200 |
Europe & Africa |  |  | 46 |  |  |  | 183 |  |  |  | 322 |  |  |  | 961 |
Hong Kong/Taiwan |  |  | 90 |  |  |  | 587 |  |  |  | 698 |  |  |  | 1,386 |
Total Nu Skin |  |  | 4,222 |  |  |  | 3,809 |  |  |  | 14,421 |  |  |  | 12,521 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  |  | 2,621 |  |  |  | 1,923 |  |  |  | 8,318 |  |  |  | 4,353 |
Rhyz other |  |  | 20 |  |  |  | — |  |  |  | 20 |  |  |  | — |
Total Rhyz Investments |  |  | 2,641 |  |  |  | 1,923 |  |  |  | 8,338 |  |  |  | 4,353 |
Corporate and other |  |  | 5,043 |  |  |  | 19,723 |  |  |  | 15,346 |  |  |  | 28,400 |
Total |  | $ | 11,906 |  |  | $ | 25,455 |  |  | $ | 38,105 |  |  | $ | 45,274 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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