Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 6 Months Ended
Jun. 28, 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.    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Six Months Ended

 

 

 

June 29,

 

June 28,

 

June 29,

 

June 28,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

 

 

USANA® Nutritionals

 
81% 

 
78% 

 
79% 

 
80% 

 

USANA Foods

 
12% 

 
14% 

 
12% 

 
12% 

 

Sensé – beautiful science®

 
6% 

 
7% 

 
7% 

 
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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Six Months Ended

 

 

 

June 29,

 

June 28,

 

June 29,

 

June 28,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

 

 

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

$             66,769

 

$             63,661

 

$           130,921

 

$           127,476

 

Asia Pacific

 

 

 

 

 

 

 

 

 

Southeast Asia Pacific

 
37,475 

 
42,689 

 
72,784 

 
83,137 

 

Greater China

 
77,388 

 
74,091 

 
140,373 

 
144,938 

 

North Asia

 
7,504 

 
7,815 

 
14,140 

 
15,106 

 

Asia Pacific Total

 
122,367 

 
124,595 

 
227,297 

 
243,181 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

$           189,136

 

$           188,256

 

$           358,218

 

$           370,657

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Six Months Ended

 

 

June 29,

 

June 28,

 

June 29,

 

June 28,

 

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

China

 

$             23,559

 

$             51,223

 

$             36,984

 

$             89,983

United States

 
40,087 

 
35,570 

 
80,325 

 
73,183 

Hong Kong

 
45,938 

 

N/A

 
87,535 

 
38,926 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

December 28,

 

June 28,

 

 

 

 

 

 

2013

 

2014

 

 

 

 

 

 

 

 

 

Long-lived Assets:

 

 

 

 

 

 

 

 

China

 

 

 

 

 

$             61,716

 

$             73,026

United States

 

 

 

 

 
51,260 

 
53,004