Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.24.0.1
Segment Information
 12 Months Ended
Dec. 30, 2023
Segment Reporting [Abstract]  
Segment Information SEGMENT INFORMATION
The Company primarily operates as a global direct-selling nutrition, personal health and wellness company that develops and manufactures high quality, science-based nutritional, and personal care products.
The Company’s operating segments are identified according to how business activities are managed and evaluated by the chief operating decision maker (“CODM”), our CEO. The CODM manages the business, allocates resources, makes operating decisions, and evaluates performance for a geographic region or market based on net sales. The Company aggregates its direct-selling operating segments (“Direct-selling”) into one reportable segment, as management believes that the Company’s Direct-selling segments exhibit similar long-term financial performance and have similar economic characteristics. The CODM does not evaluate operating segments using asset information, accordingly, the Company does not report asset information by segment.
As a result of the Company’s acquisitions during 2022, the Company has operating segments that are not material to the Company’s net sales. These operating segments are included as a component of (“All other”) and are included for purposes of reconciliation of net sales to the Company’s consolidated statements of comprehensive income.
Year Ended
2023 2022 2021
Net sales:
Direct-selling $ 915,211  $ 995,043  $ 1,186,464 
All other 5,799  3,558  — 
Consolidated Total $ 921,010  $ 998,601  $ 1,186,464 
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 for our Direct-selling segment that has been contributed by the Company’s nutritionals, foods, and personal care and skincare products for the periods indicated.
Year Ended
2023 2022 2021
USANA Nutritionals 87% 87% 86%
USANA Foods (1)
7% 7% 7%
Personal care and Skincare 5% 5% 6%
All Other 1% 1% 1%
______________________________
(1)Includes the Company’s Active Nutrition line
Selected Financial Information
Financial information, presented by geographic region is listed below:
Year Ended
2023 2022 2021
Net Sales to External Customers
Asia Pacific
Greater China $ 475,099  $ 502,486  $ 563,469 
Southeast Asia Pacific 163,890  190,478  269,803 
North Asia 101,446  108,952  129,920 
Asia Pacific Total 740,435  801,916  963,192 
Americas and Europe 180,575  196,685  223,272 
Consolidated Total $ 921,010  $ 998,601  $ 1,186,464 
December 30,
2023		 December 31,
2022
Long-lived Assets
Asia Pacific
Greater China $ 79,418  $ 86,051 
Southeast Asia Pacific 17,504  15,226 
North Asia 2,235  3,617 
Asia Pacific Total 99,157  104,894 
Americas and Europe 96,480  92,373 
Consolidated Total $ 195,637  $ 197,267 
Total Assets
Asia Pacific
Greater China $ 219,781  $ 250,786 
Southeast Asia Pacific 57,820  51,880 
North Asia 21,807  22,952 
Asia Pacific Total 299,408  325,618 
Americas and Europe 333,349  270,931 
Consolidated Total $ 632,757  $ 596,549 
The following table provides further information on markets representing ten percent or more of consolidated net sales and long-lived assets, respectively:
Year Ended
2023 2022 2021
Net sales:
China $ 427,265  $ 453,134  $ 506,103 
South Korea $ 99,108  $ 106,391  $ 125,835 
United States $ 95,906  $ 106,087  $ 110,379 
Long-lived Assets:
United States $ 93,181  $ 89,150 
China $ 77,767  $ 83,938