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Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Information [Abstract]

Revenue by Segment

Revenue by Segment

		Three Months Ended June 30,								Six Months Ended June 30,
(U.S. dollars in thousands)		2024				2023				2024				2023
Nu Skin
Americas		$	84,935			$	107,641			$	159,966			$	208,798
Mainland China			64,710				88,362				125,777				156,338
Southeast Asia/Pacific			60,341				63,764				120,406				131,574
Japan			42,587				50,862				86,823				103,468
South Korea			44,119				53,686				85,082				124,010
Europe & Africa			40,714				46,968				82,987				94,412
Hong Kong/Taiwan			33,846				37,108				64,312				71,656
Nu Skin other			(4	)			597				668				482
Total Nu Skin			371,248				448,988				726,021				890,738
Rhyz Investments
Manufacturing (1)			51,473				45,551				101,775				81,318
Rhyz other			16,360				5,718				28,591				9,663
Total Rhyz Investments			67,833				51,269				130,366				90,981
Total		$	439,081			$	500,257			$	856,387			$	981,719

(1) The Manufacturing segment had $9.0 million and $16.3 million of intersegment revenue for the three months ended June 30, 2024 and 2023, respectively, and $17.6 million and $28.1 million for the six months ended June 30, 2024 and 2023, 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 June 30,								Six Months Ended June 30,
(U.S. dollars in thousands)		2024				2023				2024				2023
Nu Skin
Americas		$	17,379			$	28,853			$	32,355			$	45,103
Mainland China			13,373				19,357				25,626				32,969
Southeast Asia/Pacific			10,706				11,396				21,790				23,867
Japan			11,704				12,508				23,710				25,416
South Korea			13,323				17,391				25,506				40,966
Europe & Africa			5,405				4,945				8,681				8,583
Hong Kong/Taiwan			8,414				10,148				15,781				17,982
Nu Skin contribution			80,304				104,598				153,449				194,886
Rhyz Investments
Manufacturing			1,757				4,218				3,724				2,845
Rhyz other			(5,473	)			(3,392	)			(11,415	)			(5,352	)
Rhyz Investments contribution			(3,716	)			826				(7,691	)			(2,507	)
Total segment contribution			76,588				105,424				145,758				192,379
Corporate and other			(202,145	)			(62,918	)			(262,493	)			(133,809	)
Operating income			(125,557	)			42,506				(116,735	)			58,570
Interest expense			6,720				5,769				14,045				10,657
Other income, net			629				376				233				3,788
Income (loss) before provision for income taxes		$	(131,648	)		$	37,113			$	(130,547	)		$	51,701

Depreciation and Amortization and Capital Expenditures

Depreciation and Amortization

		Three Months Ended June 30,								Six Months Ended June 30,
(U.S. dollars in thousands)		2024				2023				2024				2023
Nu Skin
Americas		$	93			$	126			$	198			$	192
Mainland China			2,726				2,610				5,500				5,385
Southeast Asia/Pacific			174				276				423				556
Japan			71				94				152				1,148
South Korea			261				299				506				752
Europe & Africa			274				257				547				539
Hong Kong/Taiwan			318				822				897				1,275
Total Nu Skin			3,917				4,484				8,223				9,847
Rhyz Investments
Manufacturing			3,432				3,329				6,767				6,753
Rhyz other			1,966				1,176				3,852				1,768
Total Rhyz Investments			5,398				4,505				10,619				8,521
Corporate and other			8,288				8,175				17,198				15,779
Total		$	17,603			$	17,164			$	36,040			$	34,147

Capital Expenditures

		Three Months Ended June 30,								Six Months Ended June 30,
(U.S. dollars in thousands)		2024				2023				2024				2023
Nu Skin
Americas		$	12			$	91			$	33			$	191
Mainland China			1,578				4,734				4,267				8,769
Southeast Asia/Pacific			9				127				18				191
Japan			23				(2	)			21				3
South Korea			—				7				22				161
Europe & Africa			124				157				289				276
Hong Kong/Taiwan			38				348				236				608
Total Nu Skin			1,784				5,462				4,886				10,199
Rhyz Investments
Manufacturing			1,115				4,216				2,464				5,697
Rhyz other			434				—				1,069				—
Total Rhyz Investments			1,549				4,216				3,533				5,697
Corporate and other			4,790				5,034				11,985				10,303
Total		$	8,123			$	14,712			$	20,404			$	26,199

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- Definition

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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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