Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.3.0.814
Segment Information
 9 Months Ended
Oct. 03, 2015
Segment Information [Abstract]  
Segment Information

NOTE J – 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 27,

 

October 3,

 

September 27,

 

October 3,

 

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

USANA® Nutritionals

 
78% 

 
80% 

 
79% 

 
81% 

 

USANA Foods

 
13% 

 
12% 

 
13% 

 
12% 

 

Sensé – beautiful science®

 
7% 

 
7% 

 
7% 

 
6% 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 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 J – SEGMENT INFORMATION - CONTINUED

 

Selected Financial Information

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

 

September 27,

 

October 3,

 

September 27,

 

October 3,

 

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asia Pacific

 

 

 

 

 

 

 

 

 

Greater China

 

$             77,206

 

$           112,323

 

$           222,144

 

$           325,942

 

Southeast Asia Pacific

 
44,488 

 
45,936 

 
127,625 

 
137,308 

 

North Asia

 
8,527 

 
9,920 

 
23,633 

 
29,495 

 

Asia Pacific Total

 
130,221 

 
168,179 

 
373,402 

 
492,745 

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 
61,723 

 
65,113 

 
189,199 

 
193,169 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

$           191,944

 

$           233,292

 

$           562,601

 

$           685,914

 

 

 

 

 

 

 

 

 

 

 

 

 

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 27,

 

October 3,

 

September 27,

 

October 3,

 

 

 

2014

 

2015

 

2014

 

2015

 

 

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

 

China

 

$             50,385

 

$             95,147

 

$           140,368

 

$           273,433

 

United States

 

$             34,389

 

$             37,485

 

$           105,938

 

$           108,629

 

Hong Kong

 

N/A

 

N/A

 

$             57,686

 

N/A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

 

January 3,

 

October 3,

 

 

 

 

 

 

 

2015

 

2015

 

Long-lived Assets:

 

 

 

 

 

 

 

 

 

China

 

 

 

 

 

$             81,704

 

$             85,269

 

United States

 

 

 

 

 

$             53,322

 

$             58,328