Annual report pursuant to Section 13 and 15(d)

Note L - Segment Information

v3.22.0.1
Note L - Segment Information
 12 Months Ended
Jan. 01, 2022
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE L—SEGMENT INFORMATION

 

USANA operates as a direct selling company that develops, manufactures, and distributes high-quality nutritional and personal care products that are sold via our independent distributors through a direct selling channel. 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.

 

   

Year Ended

  
                   
   

2021

    

2020

    

2019

  
                   

USANA Nutritionals

  

86%

    

85%

    

83%

  

USANA Foods

  

7%

    

7%

    

8%

  

Personal care and Skincare (1)

  

6%

    

7%

    

8%

  

All Other

  

1%

    

1%

    

1%

  

 

___________________________________

 

(1)

Includes the Company’s new Active Nutrition line, which launched in five markets late in the first quarter of 2021 and will roll out to additional markets in future periods. 

 

Selected Financial Information

 

Financial information, presented by geographic region is listed below:

 

   

Year Ended

  
                         
   

2021

    

2020

    

2019

  

Net Sales to External Customers

                        

Asia Pacific

                        

Greater China

   $ 563,469     $ 530,505     $ 535,995  

Southeast Asia Pacific

     269,803       269,555       220,085  

North Asia

     129,920       114,964       96,187  

Asia Pacific Total

     963,192       915,024       852,267  
                         

Americas and Europe

     223,272       219,620       208,635  
                         

Consolidated Total

   $ 1,186,464     $ 1,134,644     $ 1,060,902  

 

 

 

   

January 1,

    

January 2,

  
    2022     2021  

Long-lived Assets

                

Asia Pacific

                

Greater China

   $ 95,965     $ 96,570  

Southeast Asia Pacific

     15,394       18,662  

North Asia

     7,395       9,813  

Asia Pacific Total

     118,754       125,045  
                 

Americas and Europe

     89,030       85,916  
                 

Consolidated Total

   $ 207,784     $ 210,961  
                 

Total Assets

                

Asia Pacific

                

Greater China

   $ 274,002     $ 272,607  

Southeast Asia Pacific

     62,332       72,167  

North Asia

     25,592       24,535  

Asia Pacific Total

     361,926       369,309  
                 

Americas and Europe

     215,814       271,578  
                 

Consolidated Total

   $ 577,740     $ 640,887  

 

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

 

   

Year Ended

  
                         
   

2021

    

2020

    

2019

  
                         

Net sales:

                        

China

   $ 506,103     $ 470,177     $ 471,165  

South Korea

   $ 125,835     $ 110,807     $ 92,919  
                         
                         

Long-lived Assets:

                        

China

   $ 91,530     $ 92,692        

United States

   $ 85,350     $ 82,167