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Segment Information | 6 Months Ended
--- | ---
Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Information | (15) Segment Information The Company has two reportable segments: Healthcare Solutions and Industrial Solutions. Our reportable segments are based upon the industry verticals that they serve and reflect how we report our financial results to the chief operating decision maker ("CODM"). The CODM evaluates the performance of our reportable segments based on segment revenue and segment Adjusted EBITDA. The CODM does not review disaggregated asset information on the basis of the Company's segments; therefore, such information is not presented. The following tables set forth our operating results by segment for the three and six months ended June 30, 2024 and June 30, 2023:
| Revenue |  | Adjusted EBITDA
| Three Months Ended June 30, |  | Three Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare Solutions | $ | 48,900 |  |  | $ | 60,874 |  |  | $ | 8,772 |  |  | $ | 11,394 |
Industrial Solutions | 64,352 |  |  | 67,320 |  |  | 3,358 |  |  | 2,264 |
Total Reportable segments | $ | 113,252 |  |  | $ | 128,194 |  |  | $ | 12,130 |  |  | $ | 13,658 |
| Revenue |  | Adjusted EBITDA
| Six Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Healthcare Solutions | $ | 94,313 |  |  | $ | 109,599 |  |  | $ | 12,492 |  |  | $ | 16,459 |
Industrial Solutions | 121,844 |  |  | 139,831 |  |  | 5,440 |  |  | 9,166 |
Total Reportable segments | $ | 216,157 |  |  | $ | 249,430 |  |  | $ | 17,932 |  |  | $ | 25,625 |
The following table provides a reconciliation of our reportable segment Adjusted EBITDA to our reported Net loss attributable to 3D Systems Corporation for the three and six months ended June 30, 2024 and June 30, 2023:
|  | Three Months Ended |  | Six Months Ended
(in thousands) |  | June 30, 2024 |  | June 30, 2023 |  | June 30, 2024 |  | June 30, 2023
Total segment adjusted EBITDA |  | $ | 12,130 |  |  | $ | 13,658 |  |  | $ | 17,932 |  |  | $ | 25,625 |
Less items to reconcile Segment Adjusted EBITDA to net loss attributable to 3D Systems: |  |  |  |  |  |  |  |
Corporate expense not allocated to segments |  | (25,044) |  |  | (20,556) |  |  | (50,906) |  |  | (42,618) |
Interest income (expense), net |  | 828 |  |  | 4,404 |  |  | 2,912 |  |  | 8,209 |
Provision for income taxes |  | (476) |  |  | (222) |  |  | (1,847) |  |  | (230) |
Depreciation expense |  | (4,910) |  |  | (5,294) |  |  | (9,870) |  |  | (10,606) |
Amortization expense |  | (2,589) |  |  | (3,258) |  |  | (4,902) |  |  | (6,497) |
Stock-based compensation expense |  | (3,389) |  |  | (7,990) |  |  | (11,574) |  |  | (18,282) |
Acquisition and divestiture-related expense |  | (181) |  |  | (1,512) |  |  | (234) |  |  | (4,188) |
Legal and other related costs |  | (2,342) |  |  | (2,656) |  |  | (6,582) |  |  | (2,735) |
Restructuring expense |  | (87) |  |  | (4,121) |  |  | (138) |  |  | (5,824) |
Net loss attributable to redeemable non-controlling interest |  | 43 |  |  | (16) |  |  | 143 |  |  | 92 |
Loss on equity method investments, net of tax |  | (902) |  |  | (142) |  |  | (1,149) |  |  | (142) |
Gain on repurchase of debt |  | — |  |  | — |  |  | 21,518 |  |  | — |
Other non-operating income (expense) |  | (339) |  |  | (1,190) |  |  | 1,438 |  |  | (1,120) |
Net loss attributable to 3D Systems Corporation |  | $ | (27,258) |  |  | $ | (28,895) |  |  | $ | (43,259) |  |  | $ | (58,316) |
The following table summarizes long-lived assets by geographic region as of June 30, 2024 and December 31, 2023:
(in thousands) | June 30, 2024 |  | December 31, 2023
United States | $ | 89,921 |  |  | $ | 94,734 |
Belgium | 19,439 |  |  | 21,524 |
Other foreign entities | 16,187 |  |  | 18,783 |
Total | $ | 125,547 |  |  | $ | 135,041 |

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- Definition The entire disclosure for reporting segments including data and tables. 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