Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 3 Months Ended
Mar. 29, 2014
Segment Information [Abstract]  
Segment Information

NOTE I – 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 global network marketing system of independent distributors (“Associates”).  As such, management 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 nutritional and personal care products for the periods indicated.    

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 30,

 

March 29,

 

 

 

2013

 

2014

 

 

 

 

 

 

 

USANA® Nutritionals

 
80% 

 
79% 

 

USANA Foods

 
12% 

 
13% 

 

Sensé – beautiful science®

 
6% 

 
6% 

 

 

 

 

 

 

 

 

 

 

Selected financial information for the Company is presented for two geographic regions: Americas and Europe and Asia Pacific, with three sub-regions under Asia Pacific.  Individual markets are categorized into these regions as follows: 

 

·

Americas and Europe – United States, Canada, Mexico, Colombia (1), the United Kingdom, France, Belgium, and the Netherlands.  

 

·

Asia Pacific –

 

·

Southeast Asia Pacific – Australia, New Zealand, Singapore, Malaysia, the Philippines, and Thailand

 

·

Greater China – Hong Kong, Taiwan and China(2)

 

·

North Asia – Japan and South Korea

 

 

(1)         The Company commenced operations in Colombia in the third quarter of 2013.

(2)The Company’s business in China is that of BabyCare, its wholly-owned subsidiary.

 

 

 

NOTE I – SEGMENT INFORMATION - CONTINUED

 

Selected Financial Information

 

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

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 30,

 

March 29,

 

 

 

2013

 

2014

 

 

 

 

 

 

 

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

$             64,152

 

$             63,815

 

Asia Pacific

 

 

 

 

 

Southeast Asia Pacific

 
35,309 

 
40,448 

 

Greater China

 
62,985 

 
70,847 

 

North Asia

 
6,636 

 
7,291 

 

Asia Pacific Total

 
104,930 

 
118,586 

 

 

 

 

 

 

 

Consolidated Total

 

$           169,082

 

$           182,401

 

 

 

 

 

 

 

 

 

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

 

 

 

March 30,

 

March 29,

 

 

 

2013

 

2014

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

United States

 

$             40,238

 

$             37,613

 

China

 

N/A

 
38,760 

 

Hong Kong

 
41,597 

 
23,524 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

December 28,

 

March 29,

 

 

 

2013

 

2014

 

Long-lived Assets:

 

 

 

 

 

China

 

$             61,716

 

$             66,587

 

United States

 
51,260 

 
51,652