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Other Income (Expense), Net
12 Months Ended
Dec. 31, 2015
Other Income (Expense), Net [Abstract]  
Other Income (Expense), Net
 
 
 
 
 
 
NU SKIN ENTERPRISES, INC.
Notes to Consolidated Financial Statements

 
23.            Other Income (Expense), Net

Other income (expense), net was $2.8 million of income in 2013, $53.7 million of expense in 2014 and $32.7 million of expense in 2015. In 2014, a $46.3 million foreign currency charge was recognized by the Company related to the impact of the devaluation of the Venezuelan currency on monetary assets and liabilities of its Venezuela entity and a charge of $7.4 million was recorded related to the prepayment of debt during the fourth quarter of 2014. In 2015, the Company recorded a charge of $10.2 million related to a new foreign exchange mechanism for Venezuela currency and incurred foreign currency translation expenses of $17.0 million. Other income (expense), net also includes $3.0 million, $5.7 million and $7.9 million in interest expense during 2013, 2014 and 2015, respectively. The Company cannot estimate the degree to which its operations will be impacted in the future, but it remains subject to these currency risks. However, the majority of these transaction losses are non-cash, non-operating losses.