Segment Information (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
| Segment Information [Abstract] |
|
| Revenue by Segment |
Revenue by Segment
|
|
Year Ended December 31, |
|
(U.S. dollars in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
Nu Skin |
|
|
|
|
|
|
|
|
|
Mainland China |
|
$ |
722,526 |
|
|
$ |
886,472 |
|
|
$ |
716,991 |
|
Americas/Pacific |
|
|
349,078 |
|
|
|
385,034 |
|
|
|
342,429 |
|
South Korea |
|
|
329,978 |
|
|
|
373,357 |
|
|
|
361,692 |
|
Southeast Asia |
|
|
301,620 |
|
|
|
316,890 |
|
|
|
268,631 |
|
Japan |
|
|
260,039 |
|
|
|
254,939 |
|
|
|
256,085 |
|
EMEA |
|
|
167,165 |
|
|
|
182,394 |
|
|
|
160,275 |
|
Hong Kong/Taiwan |
|
|
166,335 |
|
|
|
185,893 |
|
|
|
166,696 |
|
Other |
|
|
1,621 |
|
|
|
3,423 |
|
|
|
6,300 |
|
Total Nu Skin |
|
|
2,298,362 |
|
|
|
2,588,402 |
|
|
|
2,279,099 |
|
Manufacturing (1) |
|
|
121,917 |
|
|
|
90,606 |
|
|
|
— |
|
Grow Tech |
|
|
137 |
|
|
|
— |
|
|
|
— |
|
Total |
|
$ |
2,420,416 |
|
|
$ |
2,679,008 |
|
|
$ |
2,279,099 |
|
| (1) |
The Manufacturing segment had $25.7 million, $23.5 million and zero of intersegment revenue for the years ended December 31, 2019, 2018 and 2017, 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
|
|
Year Ended December 31, |
|
(U.S. dollars in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
Nu Skin |
|
|
|
|
|
|
|
|
|
Mainland China |
|
$ |
191,570 |
|
|
$ |
253,598 |
|
|
$ |
211,625 |
|
Americas/Pacific |
|
|
57,090 |
|
|
|
52,433 |
|
|
|
51,885 |
|
South Korea |
|
|
99,892 |
|
|
|
107,215 |
|
|
|
100,964 |
|
Southeast Asia |
|
|
82,455 |
|
|
|
78,598 |
|
|
|
63,296 |
|
Japan |
|
|
61,081 |
|
|
|
56,676 |
|
|
|
51,372 |
|
EMEA |
|
|
10,195 |
|
|
|
14,773 |
|
|
|
11,749 |
|
Hong Kong/Taiwan |
|
|
33,569 |
|
|
|
33,392 |
|
|
|
27,958 |
|
Nu Skin contribution |
|
|
535,852 |
|
|
|
596,685 |
|
|
|
518,849 |
|
Manufacturing |
|
|
15,693 |
|
|
|
7,754 |
|
|
|
— |
|
Grow Tech |
|
|
(19,509 |
) |
|
|
(9,228 |
) |
|
|
— |
|
Total segment contribution |
|
|
532,036 |
|
|
|
595,211 |
|
|
|
518,849 |
|
Corporate and other |
|
|
(264,610 |
) |
|
|
(354,351 |
) |
|
|
(244,366 |
) |
Operating income |
|
|
267,426 |
|
|
|
240,860 |
|
|
|
274,483 |
|
Other income (expense) |
|
|
(12,254 |
) |
|
|
(21,194 |
) |
|
|
(8,916 |
) |
Income before provision for income taxes |
|
$ |
255,172 |
|
|
$ |
219,666 |
|
|
$ |
265,567 |
|
|
| Depreciation and Amortization and Capital Expenditures |
Depreciation and Amortization
|
|
Year Ended December 31, |
|
(U.S. dollars in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
Nu Skin |
|
|
|
|
|
|
|
|
|
Mainland China |
|
$ |
10,496 |
|
|
$ |
13,036 |
|
|
$ |
15,122 |
|
Americas/Pacific |
|
|
864 |
|
|
|
988 |
|
|
|
1,746 |
|
South Korea |
|
|
5,093 |
|
|
|
6,266 |
|
|
|
6,499 |
|
Southeast Asia |
|
|
1,915 |
|
|
|
2,123 |
|
|
|
2,234 |
|
Japan |
|
|
3,866 |
|
|
|
3,604 |
|
|
|
3,554 |
|
EMEA |
|
|
1,260 |
|
|
|
847 |
|
|
|
985 |
|
Hong Kong/Taiwan |
|
|
2,310 |
|
|
|
1,316 |
|
|
|
1,395 |
|
Total Nu Skin |
|
|
25,804 |
|
|
|
28,180 |
|
|
|
31,535 |
|
Manufacturing |
|
|
6,689 |
|
|
|
11,281 |
|
|
|
— |
|
Grow Tech |
|
|
4,008 |
|
|
|
1,885 |
|
|
|
— |
|
Corporate and other |
|
|
40,149 |
|
|
|
41,657 |
|
|
|
40,029 |
|
Total |
|
$ |
76,650 |
|
|
$ |
83,003 |
|
|
$ |
71,564 |
|
Capital Expenditures
|
|
Year Ended December 31, |
|
(U.S. dollars in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
Nu Skin |
|
|
|
|
|
|
|
|
|
Mainland China |
|
$ |
14,814 |
|
|
$ |
11,658 |
|
|
$ |
4,539 |
|
Americas/Pacific |
|
|
1,340 |
|
|
|
974 |
|
|
|
800 |
|
South Korea |
|
|
1,223 |
|
|
|
285 |
|
|
|
469 |
|
Southeast Asia |
|
|
759 |
|
|
|
1,120 |
|
|
|
1,753 |
|
Japan |
|
|
1,528 |
|
|
|
788 |
|
|
|
994 |
|
EMEA |
|
|
364 |
|
|
|
734 |
|
|
|
1,168 |
|
Hong Kong/Taiwan |
|
|
3,203 |
|
|
|
4,113 |
|
|
|
1,350 |
|
Total Nu Skin |
|
|
23,231 |
|
|
|
19,672 |
|
|
|
11,073 |
|
Manufacturing |
|
|
6,595 |
|
|
|
5,486 |
|
|
|
— |
|
Grow Tech |
|
|
6,938 |
|
|
|
14,591 |
|
|
|
— |
|
Corporate and other |
|
|
29,303 |
|
|
|
30,622 |
|
|
|
49,083 |
|
Total |
|
$ |
66,067 |
|
|
$ |
70,371 |
|
|
$ |
60,156 |
|
|
| Revenue by Major Market |
Sales are recorded in the jurisdiction in which the transactions occurred:
|
|
Year Ended December 31, |
|
(U.S. dollars in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
Mainland China |
|
$ |
722,526 |
|
|
$ |
886,472 |
|
|
$ |
716,991 |
|
South Korea |
|
|
329,978 |
|
|
|
373,357 |
|
|
|
361,692 |
|
Japan |
|
|
260,039 |
|
|
|
254,939 |
|
|
|
256,085 |
|
United States |
|
|
324,727 |
|
|
|
311,436 |
|
|
|
218,734 |
|
All others |
|
|
783,146 |
|
|
|
852,804 |
|
|
|
725,597 |
|
Total |
|
$ |
2,420,416 |
|
|
$ |
2,679,008 |
|
|
$ |
2,279,099 |
|
|
| Revenue by Product Line |
Revenue by Product Line
|
|
Year Ended December 31, |
|
(U.S. dollars in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
Personal Care |
|
$ |
1,423,485 |
|
|
$ |
1,659,737 |
|
|
$ |
1,456,386 |
|
Wellness |
|
|
863,125 |
|
|
|
921,328 |
|
|
|
817,230 |
|
Other |
|
|
133,806 |
|
|
|
97,943 |
|
|
|
5,483 |
|
Total |
|
$ |
2,420,416 |
|
|
$ |
2,679,008 |
|
|
$ |
2,279,099 |
|
|
| Long-Lived Assets by Major Market |
|
|
Year Ended December 31, |
|
(U.S. dollars in thousands) |
|
2019 |
|
|
2018 |
|
|
2017 |
|
United States |
|
$ |
354,410 |
|
|
$ |
317,516 |
|
|
$ |
302,884 |
|
Mainland China |
|
|
136,845 |
|
|
|
89,447 |
|
|
|
97,046 |
|
South Korea |
|
|
35,286 |
|
|
|
36,325 |
|
|
|
42,211 |
|
Japan |
|
|
12,015 |
|
|
|
6,864 |
|
|
|
9,342 |
|
All others |
|
|
59,374 |
|
|
|
14,383 |
|
|
|
13,104 |
|
Total |
|
$ |
597,930 |
|
|
$ |
464,535 |
|
|
$ |
464,587 |
|
|