Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.1.9
Segment Information
 12 Months Ended
Jan. 03, 2015
Segment Information [Abstract]  
Segment Information

NOTE  L – 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

 

 

 

 

 

 

 

 

 

2012

 

2013

 

2014

 

 

 

 

 

 

 

USANA® Nutritionals

 
80% 

 
80% 

 
79% 

USANA Foods

 
11% 

 
11% 

 
13% 

Sensé – beautiful science®

 
7% 

 
6% 

 
7% 

 

 

 

 

 

 

 

 

 

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  L – SEGMENT INFORMATION – CONTINUED

 

Selected Financial Information

 

Financial information, presented by geographic region is listed below:

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

2012

 

2013

 

2014

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

$           244,333

 

$           261,682

 

$           253,730

Asia Pacific

 

 

 

 

 

 

Southeast Asia Pacific

 
139,651 

 
155,362 

 
177,940 

Greater China

 
235,626 

 
271,812 

 
326,134 

North Asia

 
29,116 

 
29,319 

 
32,667 

Asia Pacific Total

 
404,393 

 
456,493 

 
536,741 

 

 

 

 

 

 

 

Consolidated Total

 

$           648,726

 

$           718,175

 

$           790,471

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 28,

 

January 3,

 

 

 

 

 

2013

 

2015

 

Long-lived Assets

 

 

 

 

 

 

 

Americas and Europe

 

 

 

$             52,908

 

$             54,457

 

Asia Pacific

 

 

 

 

 

 

 

Southeast Asia Pacific

 

 

 
15,868 

 
14,175 

 

Greater China

 

 

 
63,505 

 
83,471 

 

North Asia

 

 

 
1,625 

 
1,621 

 

Asia Pacific Total

 

 

 
80,998 

 
99,267 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

 

 

$           133,906

 

$           153,724

 

 

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

 

 

Americas and Europe

 

 

 

$           183,561

 

$           152,405

 

Asia Pacific

 

 

 

 

 

 

 

Southeast Asia Pacific

 

 

 
36,349 

 
38,404 

 

Greater China

 

 

 
141,542 

 
154,153 

 

North Asia

 

 

 
7,018 

 
5,622 

 

Asia Pacific Total

 

 

 
184,909 

 
198,179 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

 

 

$           368,470

 

$           350,584

 

 

 

 

 

 

 

 

 

 

NOTE L – 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:

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

2012

 

2013

 

2014

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

China

 

N/A

 

$           106,710

 

$           216,842

United States

 

$           152,460

 

$           157,543

 

$           143,669

Hong Kong

 

$           180,837

 

$           132,285

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived Assets:

 

 

 

 

 

 

China

 

 

 

$             61,716

 

$             81,704

United States

 

 

 

$             51,260

 

$             53,322