Quarterly report pursuant to Section 13 or 15(d)

Note K - Segment Information

v3.21.2
Note K - Segment Information
 9 Months Ended
Oct. 02, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

NOTE K – 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

    

Nine Months Ended

  
   

October 2,

    

September 26,

    

October 2,

    

September 26,

  
   

2021

    

2020

    

2021

    

2020

  

USANA® Nutritionals

     85 %     85 %     86 %     83 %

USANA Foods(1)

     8 %     9 %     8 %     11 %

Personal care and Skincare

     6 %     5 %     5 %     5 %

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 in future periods. 

 

Selected Financial Information

 

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

                                 
   

Quarter Ended

    

Nine Months Ended

  
   

October 2,

    

September 26,

    

October 2,

    

September 26,

  
   

2021

    

2020

    

2021

    

2020

  

Net Sales to External Customers

                                

Asia Pacific

                                

Greater China

   $ 123,235     $ 136,013     $ 437,629     $ 391,446  

Southeast Asia Pacific

     64,570       76,313       212,819       192,694  

North Asia

     33,068       28,969       100,671       82,072  

Asia Pacific Total

     220,873       241,295       751,119       666,212  

Americas and Europe

     53,479       57,218       168,046       157,911  

Consolidated Total

   $ 274,352     $ 298,513     $ 919,165     $ 824,123  

 

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

   

Quarter Ended

    

Nine Months Ended

  
   

October 2,

    

September 26,

    

October 2,

    

September 26,

  
   

2021

    

2020

    

2021

    

2020

  

Net sales:

                                

China

   $ 109,226     $ 120,523     $ 394,407     $ 346,526  

South Korea

   $ 32,117     $ 27,792     $ 97,474     $ 79,317  

Philippines

   $ 18,930     $ 33,585     $ 67,811     $ 73,599  

 

   

As of

  
   

October 2,

    

January 2,

  
   

2021

    

2021

  

Long-lived assets:

                

China

  

$

90,748

    

$

92,692

  

United States

  

$

83,954

    

$

82,167