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Goodwill and Intangibles | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangibles [Abstract] |
Goodwill and Intangibles |
4. | Goodwill and Intangibles
Goodwill 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 $4.7 million and $0.0, respectively, as of both June 30, 2025 and December 31, 2024. The following table presents the change in carrying amount of goodwill by reporting unit for the six months ended June 30, 2025 (U.S. dollars in thousands):
|  | Nu Skin |  |  | Rhyz |  |  |  |
|  | Americas |  |  | Southeast Asia/Pacific |  |  | Mainland China |  |  | Japan |  |  | Europe & Africa |  |  | South Korea |  |  | Hong Kong/ Taiwan |  |  | Manufacturing |  |  | Rhyz Other |  |  | Total Segments |
Goodwill as of December 31, 2024 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 78,875 |  |  | $ | 4,750 |  |  | $ | 83,625 |
Goodwill as of June 30, 2025 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 78,875 |  |  | $ | 4,750 |  |  | $ | 83,625 |
Accumulated impairment losses for each segment as of June 30, 2025 and December 31, 2024 are as follows:
|  | Nu Skin |  |  | Rhyz |  |  |  |
|  | Americas |  |  | Southeast Asia/Pacific |  |  | Mainland China |  |  | Japan |  |  | Europe & Africa |  |  | South Korea |  |  | Hong Kong/ Taiwan |  |  | Manufacturing |  |  | Rhyz Other |  |  | Total Segments |
Accumulated impairment losses |  | $ | 9,449 |  |  | $ | 18,537 |  |  | $ | 32,179 |  |  | $ | 16,019 |  |  | $ | 2,875 |  |  | $ | 29,261 |  |  | $ | 6,634 |  |  | $ | — |  |  | $ | 19,587 |  |  | $ | 134,541 |
Intangibles The Company reviews long-lived assets for impairment when performance expectations, events or change in circumstances indicate that the assets’ carrying value may not be recoverable. The evaluation is performed at the lowest level of identifiable cash flows by comparing the carrying value of the asset group to the net undiscounted cash flows. If the evaluation indicates that the carrying amount of the assets may not be recoverable, any potential impairment is measured based upon the fair value of the related asset group. During the first quarter of 2025, the Company decided to make a strategic shift in how it operates the BeautyBio asset group. These strategy changes included exiting certain sales channels, which reduced the forecasted revenues for BeautyBio. The Company concluded these actions were an interim impairment triggering event. As a result, the Company performed an interim impairment test of the asset group and assessed the recoverability of the related asset group by comparing the carrying value of the asset group to the net undiscounted cash flow expected to be generated. The recoverability test indicated that the asset group was impaired. The Company concluded the asset group’s carrying value exceeded its estimated fair value, which was determined utilizing the discounted projected future cash flows, which resulted in an impairment charge. The estimated fair value was based on expected future cash flows using level 3 inputs and utilized management estimates related to revenue growth rates, profitability margins and discount rates. As a result, during the three months ended March 31, 2025, the Company recorded an impairment charge of $25.1 million on the BeautyBio asset group, which is part of its Rhyz Other segment within restructuring and impairment expenses on the consolidated statement of income. The BeautyBio asset group has a remaining carrying value of $2.3 million with a remaining weighted-average amortization period of approximately 7 years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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