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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | 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) |
Schedule of Long-Lived Assets by Geographic Areas | 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 Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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