Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 9 Months Ended
Sep. 27, 2014
Segment Information [Abstract]  
Segment Information

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 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

 

Nine Months Ended

 

 

 

September 28,

 

September 27,

 

September 28,

 

September 27,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

 

 

USANA® Nutritionals

 
79% 

 
78% 

 
80% 

 
79% 

 

USANA Foods

 
13% 

 
13% 

 
12% 

 
13% 

 

Sensé – beautiful science®

 
6% 

 
7% 

 
6% 

 
7% 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 K – SEGMENT INFORMATION - CONTINUED

 

Selected Financial Information

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

 

September 28,

 

September 27,

 

September 28,

 

September 27,

 

 

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

 

 

Net Sales to External Customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas and Europe

 

$             66,294

 

$             61,723

 

$           197,215

 

$           189,199

 

Asia Pacific

 

 

 

 

 

 

 

 

 

Southeast Asia Pacific

 
40,230 

 
44,488 

 
113,014 

 
127,625 

 

Greater China

 
59,768 

 
77,206 

 
200,141 

 
222,144 

 

North Asia

 
7,399 

 
8,527 

 
21,539 

 
23,633 

 

Asia Pacific Total

 
107,397 

 
130,221 

 
334,694 

 
373,402 

 

 

 

 

 

 

 

 

 

 

 

Consolidated Total

 

$           173,691

 

$           191,944

 

$           531,909

 

$           562,601

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Nine Months Ended

 

 

September 28,

 

September 27,

 

September 28,

 

September 27,

 

 

2013

 

2014

 

2013

 

2014

 

 

 

 

 

 

 

 

 

Net sales:

 

 

 

 

 

 

 

 

China

 

$             29,788

 

$             50,385

 

$             66,772

 

$           140,368

United States

 
39,282 

 
34,389 

 
118,329 

 
105,938 

Hong Kong

 
21,554 

 

NA

 
109,089 

 
57,686 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

 

 

 

 

December 28,

 

September 27,

 

 

 

 

 

 

2013

 

2014

 

 

 

 

 

 

 

 

 

Long-lived Assets:

 

 

 

 

 

 

 

 

China

 

 

 

 

 

$             61,716

 

$             75,940

United States

 

 

 

 

 
51,260 

 
52,586