XML 42 R31.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Information (Tables)
9 Months Ended
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