Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.24.2.u1
Segment Information
 6 Months Ended
Jun. 29, 2024
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.
The Company has operating segments, resulting from acquisitions, 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 Condensed Consolidated Statements of Comprehensive Income.
Three Months Ended Six Months Ended
June 29,
2024		 July 1,
2023		 June 29,
2024		 July 1,
2023
Net sales:
Direct-selling $ 211,208  $ 236,795  $ 437,356  $ 483,675 
All other 1,661  1,407  3,313  2,887 
Consolidated total $ 212,869  $ 238,202  $ 440,669  $ 486,562 
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, food, and personal care and skincare products for the periods indicated.
Three Months Ended Six Months Ended
June 29,
2024		 July 1,
2023		 June 29,
2024		 July 1,
2023
USANA® Nutritionals 87  % 87  % 87  % 87  %
USANA Foods(1)
7  % 7  % 6  % 7  %
Personal care and Skincare 5  % 5  % 6  % 5  %
All other 1  % 1  % 1  % 1  %
(1)Includes the Company’s Active Nutrition line.
NOTE J – SEGMENT INFORMATION - CONTINUED
Selected Financial Information
Financial information, presented by geographic region is listed below:
Three Months Ended Six Months Ended
June 29,
2024		 July 1,
2023		 June 29,
2024		 July 1,
2023
Net sales to external customers
Asia Pacific
Greater China $ 115,513  $ 128,749  $ 243,128  $ 252,569 
Southeast Asia Pacific 35,402  39,337  71,467  85,623 
North Asia 19,710  25,529  41,131  55,137 
Asia Pacific total 170,625  193,615  355,726  393,329 
Americas and Europe 42,244  44,587  84,943  93,233 
Consolidated total $ 212,869  $ 238,202  $ 440,669  $ 486,562 

The following table provides further information on markets representing ten percent or more of consolidated net sales and long-lived assets, respectively:
Three Months Ended Six Months Ended
June 29,
2024		 July 1,
2023		 June 29,
2024		 July 1,
2023
Net sales:
China $ 105,115  $ 117,882  $ 220,869  $ 227,915 
United States $ 21,640  $ 23,681  $ 43,804  $ 49,666 
South Korea $ 19,298  $ 24,906  $ 40,262  $ 53,792 
As of
June 29,
2024		 December 30,
2023
Long-lived assets:
United States $ 92,465  $ 93,181 
China $ 73,531  $ 77,767