Quarterly report pursuant to Section 13 or 15(d)

Note K - Segment Information

v3.22.2
Note K - Segment Information
 6 Months Ended
Jul. 02, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE K – 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 network marketing system of independent distributors (“Associates”). The Company 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 nutritionals, foods, and personal care and skincare products for the periods indicated.

 

                                 
   

Quarter Ended

    

Six Months Ended

  
   

July 2,

    

July 3,

    

July 2,

    

July 3,

  
   

2022

    

2021

    

2022

    

2021

  

USANA® Nutritionals

     85 %     86 %     86 %     87 %

USANA Foods(1)

     8 %     8 %     7 %     7 %

Personal care and Skincare

     6 %     5 %     6 %     5 %

All Other

     1 %     1 %     1 %     1 %

 

(1) Includes the Company’s new Active Nutrition line, which launched in five markets in 2021 and all but two of the remaining markets through the second quarter of 2022. 

 

Selected Financial Information

 

Financial information, presented by geographic region is listed below:

 

                                 
   

Quarter Ended

    

Six Months Ended

  
   

July 2,

    

July 3,

    

July 2,

    

July 3,

  
   

2022

    

2021

    

2022

    

2021

  

Net Sales to External Customers

                                

Asia Pacific

                                

Greater China

   $ 140,775     $ 165,416     $ 274,514     $ 314,394  

Southeast Asia Pacific

     47,830       76,101       102,572       148,249  

North Asia

     28,803       37,438       58,742       67,603  

Asia Pacific Total

     217,408       278,955       435,828       530,246  

Americas and Europe

     47,066       57,882       101,513       114,567  

Consolidated Total

   $ 264,474     $ 336,837     $ 537,341     $ 644,813  

 

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

 

   

Quarter Ended

    

Six Months Ended

  
   

July 2,

    

July 3,

    

July 2,

    

July 3,

  
   

2022

    

2021

    

2022

    

2021

  

Net sales:

                                

China

   $ 128,389     $ 150,878     $ 248,643     $ 285,181  

South Korea

   $ 28,153     $ 36,337     $ 57,340     $ 65,357  

 

   

As of

  
   

July 2,

    

January 1,

  
   

2022

    

2022

  

Long-lived assets:

                

China

   $ 87,351     $ 91,530  

United States

   $ 92,227     $ 85,350