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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Information [Abstract] |
Revenue by Segment | Revenue by Segment
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 77,194 |  |  | $ | 91,671 |  |  | $ | 237,160 |  |  | $ | 300,469 |
Southeast Asia/Pacific |  |  | 59,515 |  |  |  | 68,743 |  |  |  | 179,921 |  |  |  | 200,317 |
Mainland China |  |  | 53,020 |  |  |  | 70,225 |  |  |  | 178,797 |  |  |  | 226,563 |
Japan |  |  | 47,222 |  |  |  | 53,399 |  |  |  | 134,045 |  |  |  | 156,867 |
South Korea |  |  | 45,201 |  |  |  | 63,709 |  |  |  | 130,283 |  |  |  | 187,719 |
Europe & Africa |  |  | 38,577 |  |  |  | 50,048 |  |  |  | 121,564 |  |  |  | 144,460 |
Hong Kong/Taiwan |  |  | 33,749 |  |  |  | 40,724 |  |  |  | 98,061 |  |  |  | 112,380 |
Nu Skin other |  |  | 2,518 |  |  |  | (274 | ) |  |  | 3,186 |  |  |  | 208 |
Total Nu Skin |  |  | 356,996 |  |  |  | 438,245 |  |  |  | 1,083,017 |  |  |  | 1,328,983 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing (1) |  |  | 51,773 |  |  |  | 49,714 |  |  |  | 153,548 |  |  |  | 131,032 |
Rhyz other |  |  | 21,376 |  |  |  | 10,813 |  |  |  | 49,967 |  |  |  | 20,476 |
Total Rhyz Investments |  |  | 73,149 |  |  |  | 60,527 |  |  |  | 203,515 |  |  |  | 151,508 |
Total |  | $ | 430,145 |  |  | $ | 498,772 |  |  | $ | 1,286,532 |  |  | $ | 1,480,491 |
(1) | The Manufacturing segment had $10.9 million and $16.2 million of intersegment revenue for the three months ended September 30, 2024 and 2023, respectively, and $28.5 million and $44.3 million for the nine months ended September 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 September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 15,881 |  |  | $ | 16,627 |  |  | $ | 48,236 |  |  | $ | 61,730 |
Southeast Asia/Pacific |  |  | 9,997 |  |  |  | 13,190 |  |  |  | 31,787 |  |  |  | 37,057 |
Mainland China |  |  | 7,277 |  |  |  | 15,223 |  |  |  | 32,903 |  |  |  | 48,192 |
Japan |  |  | 13,491 |  |  |  | 14,617 |  |  |  | 37,201 |  |  |  | 40,033 |
South Korea |  |  | 14,283 |  |  |  | 19,433 |  |  |  | 39,789 |  |  |  | 60,399 |
Europe & Africa |  |  | 5,193 |  |  |  | 6,562 |  |  |  | 13,874 |  |  |  | 15,145 |
Hong Kong/Taiwan |  |  | 9,225 |  |  |  | 10,146 |  |  |  | 25,006 |  |  |  | 28,128 |
Nu Skin contribution |  |  | 75,347 |  |  |  | 95,798 |  |  |  | 228,796 |  |  |  | 290,684 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  |  | 542 |  |  |  | 4,838 |  |  |  | 4,266 |  |  |  | 7,683 |
Rhyz other |  |  | (2,923 | ) |  |  | (5,966 | ) |  |  | (14,338 | ) |  |  | (11,318 | )
Rhyz Investments contribution |  |  | (2,381 | ) |  |  | (1,128 | ) |  |  | (10,072 | ) |  |  | (3,635 | )
Total segment contribution |  |  | 72,966 |  |  |  | 94,670 |  |  |  | 218,724 |  |  |  | 287,049 |
Corporate and other |  |  | (54,735 | ) |  |  | (121,035 | ) |  |  | (317,228 | ) |  |  | (254,844 | )
Operating income |  |  | 18,231 |  |  |  | (26,365 | ) |  |  | (98,504 | ) |  |  | 32,205 |
Interest expense |  |  | 6,500 |  |  |  | 7,535 |  |  |  | 20,545 |  |  |  | 18,192 |
Other income, net |  |  | 1,567 |  |  |  | (551 | ) |  |  | 1,800 |  |  |  | 3,237 |
Income (loss) before provision for income taxes |  | $ | 13,298 |  |  | $ | (34,451 | ) |  | $ | (117,249 | ) |  | $ | 17,250 |
Depreciation and Amortization and Capital Expenditures | Depreciation and Amortization
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 85 |  |  | $ | 115 |  |  | $ | 283 |  |  | $ | 307 |
Southeast Asia/Pacific |  |  | 227 |  |  |  | 257 |  |  |  | 650 |  |  |  | 813 |
Mainland China |  |  | 2,697 |  |  |  | 2,742 |  |  |  | 8,197 |  |  |  | 8,127 |
Japan |  |  | 65 |  |  |  | 93 |  |  |  | 217 |  |  |  | 1,241 |
South Korea |  |  | 256 |  |  |  | 310 |  |  |  | 762 |  |  |  | 1,062 |
Europe & Africa |  |  | 283 |  |  |  | 271 |  |  |  | 830 |  |  |  | 810 |
Hong Kong/Taiwan |  |  | 451 |  |  |  | 715 |  |  |  | 1,348 |  |  |  | 1,990 |
Total Nu Skin |  |  | 4,064 |  |  |  | 4,503 |  |  |  | 12,287 |  |  |  | 14,350 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  |  | 3,460 |  |  |  | 3,297 |  |  |  | 10,227 |  |  |  | 10,050 |
Rhyz other |  |  | 1,679 |  |  |  | 2,048 |  |  |  | 5,531 |  |  |  | 3,816 |
Total Rhyz Investments |  |  | 5,139 |  |  |  | 5,345 |  |  |  | 15,758 |  |  |  | 13,866 |
Corporate and other |  |  | 8,118 |  |  |  | 8,344 |  |  |  | 25,316 |  |  |  | 24,123 |
Total |  | $ | 17,321 |  |  | $ | 18,192 |  |  | $ | 53,361 |  |  | $ | 52,339 |
Capital Expenditures
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(U.S. dollars in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Nu Skin |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 38 |  |  | $ | 18 |  |  | $ | 71 |  |  | $ | 209 |
Southeast Asia/Pacific |  |  | 7 |  |  |  | 130 |  |  |  | 25 |  |  |  | 321 |
Mainland China |  |  | 690 |  |  |  | 3,496 |  |  |  | 4,957 |  |  |  | 12,265 |
Japan |  |  | 101 |  |  |  | 81 |  |  |  | 122 |  |  |  | 84 |
South Korea |  |  | 7 |  |  |  | 361 |  |  |  | 29 |  |  |  | 522 |
Europe & Africa |  |  | 97 |  |  |  | 46 |  |  |  | 386 |  |  |  | 322 |
Hong Kong/Taiwan |  |  | 174 |  |  |  | 90 |  |  |  | 410 |  |  |  | 698 |
Total Nu Skin |  |  | 1,114 |  |  |  | 4,222 |  |  |  | 6,000 |  |  |  | 14,421 |
Rhyz Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Manufacturing |  |  | 1,209 |  |  |  | 2,621 |  |  |  | 3,673 |  |  |  | 8,318 |
Rhyz other |  |  | 490 |  |  |  | 20 |  |  |  | 1,559 |  |  |  | 20 |
Total Rhyz Investments |  |  | 1,699 |  |  |  | 2,641 |  |  |  | 5,232 |  |  |  | 8,338 |
Corporate and other |  |  | 5,783 |  |  |  | 5,043 |  |  |  | 17,768 |  |  |  | 15,346 |
Total |  | $ | 8,596 |  |  | $ | 11,906 |  |  | $ | 29,000 |  |  | $ | 38,105 |

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