Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.0.8
Segment Information
 12 Months Ended
Dec. 28, 2013
Segment Information [Abstract]  
Segment Information

NOTE – SEGMENT INFORMATION

 

USANA operates as a direct selling company that develops, manufactures, and distributes high-quality nutritional and personal care products that are sold through a global network marketing system of independent distributors (“Associates”).  As such, management aggregates its operating segments into one reportable segment as management believes that the Company’s segments exhibit similar long-term financial performance and have similar economic characteristics.  Performance for a region or market is evaluated based on sales.  No single Associate accounted for 10% or more of net sales for the periods presented.  The table below summarizes the approximate percentage of total product revenue that has been contributed by the Company’s nutritional and personal care products for the periods indicated.

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

2011

 

2012

 

2013

 

 

 

 

 

 

 

 

 

USANA® Nutritionals

 
79% 

 
80% 

 
80% 

 

USANA Foods

 
11% 

 
11% 

 
11% 

 

Sensé – beautiful science®

 
7% 

 
7% 

 
6% 

 

 

 

 

 

 

 

 

 

 

 

Selected financial information for the Company is presented for two geographic regions: Americas and Europe, and Asia Pacific, with three sub-regions under Asia Pacific.  Individual markets are categorized into these regions as follows: 

 

·

Americas and Europe – United States, Canada, Mexico, Colombia(1), the United Kingdom, France(2), Belgium(2), and the Netherlands.

 

·

Asia Pacific –

 

·

Southeast Asia Pacific – Australia, New Zealand, Singapore, Malaysia, the Philippines, and Thailand(2)

 

·

Greater China – Hong Kong, Taiwan and China(3)

 

·

North Asia – Japan and South Korea

 

 

(1)The Company commenced operations in Colombia at the beginning of the third quarter of 2013

(2)The Company commenced operations in Thailand, France, and Belgium at the end of the first quarter 2012.

(3)The Company’s business in China is that of BabyCare, its wholly-owned subsidiary.

 

NOTE – SEGMENT INFORMATION – CONTINUED

 

Selected Financial Information

 

Financial information, presented by geographic is listed below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

2012

 

2013

 

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

$           236,386

 

$           244,333

 

$           261,682

 

Asia Pacific

 

 

 

 

 

 

 

Southeast Asia Pacific

 
111,447 

 
139,651 

 
155,362 

 

Greater China

 
204,822 

 
235,626 

 
271,812 

 

North Asia

 
29,284 

 
29,116 

 
29,319 

 

Asia Pacific Total

 
345,553 

 
404,393 

 
456,493 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

$           581,939

 

$           648,726

 

$           718,175

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 29,

 

December 28,

 

 

 

 

 

2012

 

2013

 

Long-lived Assets

 

 

 

 

 

 

 

Americas and Europe

 

 

 

$             48,101

 

$             52,908

 

Asia Pacific

 

 

 

 

 

 

 

Southeast Asia Pacific

 

 

 
17,866 

 
15,868 

 

Greater China

 

 

 
61,104 

 
63,505 

 

North Asia

 

 

 
1,783 

 
1,625 

 

Asia Pacific Total

 

 

 
80,753 

 
80,998 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

 

 

$           128,854

 

$           133,906

 

 

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

 

 

Americas and Europe

 

 

 

$           106,170

 

$           183,561

 

Asia Pacific

 

 

 

 

 

 

 

Southeast Asia Pacific

 

 

 
43,234 

 
36,349 

 

Greater China

 

 

 
109,510 

 
141,542 

 

North Asia

 

 

 
8,441 

 
7,018 

 

Asia Pacific Total

 

 

 
161,185 

 
184,909 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

 

 

$           267,355

 

$           368,470

 

 

 

 

 

 

 

 

 

 

 

NOTE – SEGMENT INFORMATION – CONTINUED 

 

The following table provides further information on markets representing ten percent or more of consolidated net sales and long-lived assets, respectively:

 

 

 

 

 

 

 

 

 

 

 

 

2011

 

2012

 

2013

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

United States

 

$           148,061

 

$           152,460

 

$           157,543

 

Hong Kong

 
156,672 

 
180,837 

 
132,285 

 

China

 

N/A

 

N/A

 
106,710 

 

Canada

 
67,024 

 

N/A

 

N/A

 

 

 

 

 

 

 

 

 

Long-lived Assets:

 

 

 

 

 

 

 

China

 

 

 

$             59,130

 

$             61,716

 

United States

 

 

 
46,559 

 
51,260 

 

Australia

 

 

 
15,121 

 

N/A