Quarterly report pursuant to Section 13 or 15(d)

Note J - Segment Information

v3.21.2
Note J - Segment Information
 6 Months Ended
Jul. 03, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

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 network marketing system of independent distributors (“Associates”). 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.

                                 
   

Quarter Ended

    

Six Months Ended

  
   

July 3,

    

June 27,

    

July 3,

    

June 27,

  
   

2021

    

2020

    

2021

    

2020

  

USANA® Nutritionals

     86 %     79 %     87 %     82 %

USANA Foods(1)

     8 %     12 %     7 %     10 %

Personal care and Skincare

     5 %     8 %     5 %     7 %

All Other

     1 %     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 throughout the year.  

 

Selected Financial Information

 

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

                                 
   

Quarter Ended

    

Six Months Ended

  
   

July 3,

    

June 27,

    

July 3,

    

June 27,

  
   

2021

    

2020

    

2021

    

2020

  

Net Sales to External Customers

                                

Asia Pacific

                                

Greater China

   $ 165,416     $ 124,001     $ 314,394     $ 255,433  

Southeast Asia Pacific

     76,101       59,459       148,249       116,381  

North Asia

     37,438       25,852       67,603       53,103  

Asia Pacific Total

     278,955       209,312       530,246       424,917  

Americas and Europe

     57,882       49,679       114,567       100,693  

Consolidated Total

   $ 336,837     $ 258,991     $ 644,813     $ 525,610  

 

The following table provides further information on markets representing 10% or more of consolidated net sales and long-lived assets, respectively:

   

Quarter Ended

    

Six Months Ended

  
   

July 3,

    

June 27,

    

July 3,

    

June 27,

  
   

2021

    

2020

    

2021

    

2020

  

Net sales:

                                

China

   $ 150,878     $ 110,525     $ 285,181     $ 226,003  

South Korea

   $ 36,337     $ 24,999     $ 65,357     $ 51,525  

 

   

As of

  
   

July 3,

    

January 2,

  
   

2021

    

2021

  

Long-lived assets:

                

China

  

$

90,166

    

$

92,692

  

United States

  

$

81,643

    

$

82,167