Quarterly report pursuant to Section 13 or 15(d)

Note J - Segment Information

v3.22.1
Note J - Segment Information
 3 Months Ended
Apr. 02, 2022
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

  
   

April 2,

    

April 3,

  
   

2022

    

2021

  

USANA® Nutritionals

     87 %     87 %

USANA Foods(1)

     7 %     7 %

Personal care and Skincare

     5 %     5 %

All Other

     1 %     1 %

 

(1) Includes the Company’s new Active Nutrition line, which launched in five markets in 2021 and will roll out to additional markets in future periods. 

 

Selected Financial Information

 

Financial information, presented by geographic region is listed below:

                 
   

Quarter Ended

  
   

April 2,

    

April 3,

  
   

2022

    

2021

  

Net Sales to External Customers

                

Asia Pacific

                

Greater China

   $ 133,739     $ 148,978  

Southeast Asia Pacific

     54,742       72,148  

North Asia

     29,939       30,165  

Asia Pacific Total

     218,420       251,291  

Americas and Europe

     54,447       56,685  

Consolidated Total

   $ 272,867     $ 307,976  

 

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

   

Quarter Ended

  
   

April 2,

    

April 3,

  
   

2022

    

2021

  

Net sales:

                

China

   $ 120,254     $ 134,303  

South Korea

   $ 29,187     $ 29,020  

United States

   $ 28,277     $ 26,963  

 

   

As of

  
   

April 2,

    

January 1,

  
   

2022

    

2022

  

Long-lived assets:

                

China

  

$

90,196

    

$

91,530

  

United States

  

$

85,221

    

$

85,350