Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.2.0.727
Segment Information
 6 Months Ended
Jul. 04, 2015
Segment Information [Abstract]  
Segment Information

NOTE I – 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

 

Six Months Ended

 

 

 

June 28,

 

July 4,

 

June 28,

 

July 4,

 

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

USANA® Nutritionals

 
78% 

 
81% 

 
79% 

 
81% 

 

USANA Foods

 
14% 

 
12% 

 
13% 

 
12% 

 

Sensé – beautiful science®

 
7% 

 
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: 

 

·

Asia Pacific –

 

·

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

·

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

·

North Asia – Japan and South Korea

 

·

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

 

 

 

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

 

 

NOTE I – SEGMENT INFORMATION - CONTINUED

 

Selected Financial Information

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Six Months Ended

 

 

 

June 28,

 

July 4,

 

June 28,

 

July 4,

 

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia Pacific

 

 

 

 

 

 

 

 

 

Greater China

 

$             74,091

 

$           112,333

 

$           144,938

 

$           213,619

 

Southeast Asia Pacific

 
42,689 

 
46,033 

 
83,137 

 
91,372 

 

North Asia

 
7,815 

 
10,346 

 
15,106 

 
19,575 

 

Asia Pacific Total

 
124,595 

 
168,712 

 
243,181 

 
324,566 

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 
63,661 

 
64,532 

 
127,476 

 
128,056 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

$           188,256

 

$           233,244

 

$           370,657

 

$           452,622

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

June 28,

 

July 4,

 

June 28,

 

July 4,

 

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

China

 

$             51,223

 

$             94,476

 

$             89,983

 

$           178,286

 

United States

 

$             35,570

 

$             34,842

 

$             73,183

 

$             71,144

 

Hong Kong

 

N/A

 

N/A

 

$             38,926

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

January 3,

 

July 4,

 

 

 

 

 

 

 

2015

 

2015

 

Long-lived Assets:

 

 

 

 

 

 

 

 

 

China

 

 

 

 

 

$             81,704

 

$             82,194

 

United States

 

 

 

 

 

$             53,322

 

$             58,059