Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.3.1.900
Segment Information
 12 Months Ended
Jan. 02, 2016
Segment Information [Abstract]  
Segment Information

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 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

 

 

 

 

 

 

 

 

 

2013

 

2014

 

2015

 

 

 

 

 

 

 

USANA® Nutritionals

 

 80% 

 

 79% 

 

 81% 

USANA Foods

 

 11% 

 

 13% 

 

 11% 

Sensé – beautiful science®

 

 6% 

 

 7% 

 

 7% 

 

 

 

 

 

 

 

 

 

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

 

·

Asia Pacific –

 

·

Greater China – Hong Kong, Taiwan and China(1)

 

·

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

 

 

·

North Asia – Japan and South Korea

 

·

Americas and Europe – United States, Canada, Mexico, Colombia(3), the United Kingdom, France, Belgium, and the Netherlands.

 

 

 

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

(2)The Company commenced operations in Indonesia in the fourth quarter of 2015.

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

NOTE  K – SEGMENT INFORMATION – CONTINUED

 

Selected Financial Information

 

Financial information, presented by geographic region is listed below:

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

2013

 

2014

 

2015

Net Sales to External Customers

 

 

 

 

 

 

Asia Pacific

 

 

 

 

 

 

Greater China

 

$    271,812

 

$    326,134

 

$    441,284

Southeast Asia Pacific

 

 155,362 

 

 177,940 

 

 183,828 

North Asia

 

 29,319 

 

 32,667 

 

 39,751 

Asia Pacific Total

 

 456,493 

 

 536,741 

 

 664,863 

 

 

 

 

 

 

 

Americas and Europe

 

 261,682 

 

 253,730 

 

 253,636 

 

 

 

 

 

 

 

Consolidated Total

 

$    718,175

 

$    790,471

 

$    918,499

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 3,

 

January 2,

 

 

 

 

 

2015

 

2016

 

Long-lived Assets

 

 

 

 

 

 

 

Asia Pacific

 

 

 

 

 

 

 

Greater China

 

 

 

$             83,471

 

$             94,792

 

Southeast Asia Pacific

 

 

 

 14,175 

 

 13,463 

 

North Asia

 

 

 

 1,621 

 

 1,938 

 

Asia Pacific Total

 

 

 

 99,267 

 

 110,193 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

 

 

 54,457 

 

 58,936 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

 

 

$           153,724

 

$           169,129

 

 

 

 

 

 

 

 

 

Total Assets

 

 

 

 

 

 

 

Asia Pacific

 

 

 

 

 

 

 

Greater China

 

 

 

$           154,153

 

$           231,018

 

Southeast Asia Pacific

 

 

 

 38,404 

 

 40,038 

 

North Asia

 

 

 

 5,622 

 

 6,695 

 

Asia Pacific Total

 

 

 

 198,179 

 

 277,751 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

 

 

 152,405 

 

 145,486 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

 

 

$           350,584

 

$           423,237

 

 

 

 

 

 

 

 

 

 

NOTE K – 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

 

 

 

 

 

 

 

 

 

 

 

2013

 

2014

 

2015

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

China

 

$           106,710

 

$           216,842

 

$           371,737

 

United States

 

$           157,543

 

$           143,669

 

$           141,758

 

Hong Kong

 

$           132,285

 

N/A

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-lived Assets:

 

 

 

 

 

 

 

China

 

 

 

$             81,704

 

$             92,835

 

United States

 

 

 

$             53,322

 

$             57,797