Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
9 Months Ended
Sep. 29, 2012
Segment Information [Abstract]  
Segment Information

NOTE G – 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.    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

 

September 29,

 

September 28,

 

September 29,

 

September 28,

 

 

 

2012

 

2013

 

2012

 

2013

 

 

 

 

 

 

 

 

 

 

 

USANA® Nutritionals

 

80% 

 

79% 

 

79% 

 

80% 

 

USANA Foods

 

12% 

 

13% 

 

12% 

 

12% 

 

Sensé – beautiful science®

 

6% 

 

6% 

 

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 G – SEGMENT INFORMATION - CONTINUED

 

Selected Financial Information

 

Financial information by geographic region is presented for the periods indicated below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

 

September 29,

 

September 28,

 

September 29,

 

September 28,

 

 

 

2012

 

2013

 

2012

 

2013

 

 

 

 

 

 

 

 

 

 

 

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

$             62,490

 

$             66,294

 

$           183,586

 

$           197,215

 

Asia Pacific

 

 

 

 

 

 

 

 

 

Southeast Asia Pacific

 

35,709 

 

40,230 

 

102,232 

 

113,014 

 

Greater China

 

59,722 

 

59,768 

 

173,127 

 

200,141 

 

North Asia

 

7,254 

 

7,399 

 

21,251 

 

21,539 

 

Asia Pacific Total

 

102,685 

 

107,397 

 

296,610 

 

334,694 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

$           165,175

 

$           173,691

 

$           480,196

 

$           531,909

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

 

September 29,

 

September 28,

 

September 29,

 

September 28,

 

 

 

2012

 

2013

 

2012

 

2013

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

Hong Kong

 

$             44,944

 

$             21,554

 

$           132,298

 

$           109,089

 

United States

 

39,991 

 

39,282 

 

115,577 

 

118,329 

 

China

 

N/A

 

29,788 

 

N/A

 

66,772 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

December 29,

 

September 28,

 

 

 

 

 

 

 

2012

 

2013

 

Long-lived Assets:

 

 

 

 

 

 

 

 

 

China

 

 

 

 

 

$             59,130

 

$             60,827

 

United States

 

 

 

 

 

46,559 

 

48,969 

 

Australia

 

 

 

 

 

15,121 

 

13,324