Goodwill

12 Months Ended

Dec. 31, 2024

The Company’s reporting units for goodwill are its operating segments, which are also its reportable segments, with the exception of Rhyz Other. The Rhyz Other segment is made up of two reporting units, which had goodwill of $0 million and $4.7 million as of December 31, 2024, and $19.6 million and $4.7 million as of December 31, 2023, respectively.

The following table presents goodwill allocated to the Company’s reportable segments for the periods ended December 31, 2024 and 2023 (U.S. dollars in thousands):

	December 31,
	2024		2023
Nu Skin
Americas	$	—	$	9,449
Southeast Asia/Pacific		—		18,537
Mainland China		—		32,179
Japan		—		16,019
Europe & Africa		—		2,875
South Korea		—		29,261
Hong Kong/Taiwan		—		6,634
Rhyz
Manufacturing		78,875		78,875
Rhyz Other		4,750		24,337
Total	$	83,625	$	218,166

Accumulated impairment charges as of December 31, 2024 were $9.4 million for the Americas segment, $18.5 million for the Southeast Asia/Pacific segment, $32.2 million for the Mainland China segment, $16.0 million for the Japan segment, $29.3 million for the South Korea segment, $2.9 million for the Europe & Africa segment, $6.6 million for the Hong Kong/Taiwan segment and $19.6 million for the Rhyz Other segment. There were no accumulated impairment charges as of December 31, 2023.

All of the Company’s goodwill is recorded in U.S. dollar functional currency and allocated to the respective segments. Goodwill is not amortized; rather, it is subject to annual impairment tests.