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Major Customers and Export Sales
12 Months Ended
Dec. 31, 2013
Major Customers and Export Sales

(6) Major Customers and Export Sales

In 2013, there were three companies that accounted for 17%, 13%, and 8% of the Company’s consolidated sales. In 2012, there were three companies that accounted for 19%, 10% and 8% of the Company’s consolidated sales. In 2011, there were three companies that accounted for 17%, 11%, and 9% of the Company’s consolidated sales.

The Company primarily sells its products to large distributors, buying cooperatives and groups and extends credit based on an evaluation of the customer’s financial condition. The Company had three significant customers who each accounted for approximately 14%, 10% and 8% of the Company’s receivables as of December 31, 2013. The Company had three significant customers who each accounted for approximately 20%, 11% and 7% of the Company’s receivables as of December 31, 2012 and approximately 17%, 15%, and 9% as of December 31, 2011. The Company has long-standing relationships with its customers and the Company considers the credit risk to be low.

Worldwide export sales for 2013, 2012 and 2011 were as follows:

 

     2013      2012      2011  

Mexico

   $ 15,661       $ 17,980       $ 16,616   

South & Central America

     15,491         16,374         11,991   

Europe

     12,942         9,744         5,931   

Asia

     8,129         7,308         8,469   

Africa

     8,322         7,229         8,234   

Australia

     2,692         4,444         3,395   

Canada

     3,976         4,320         4,270   

Middle East

     2,500         2,495         3,876   

Other

     59         15         672   
  

 

 

    

 

 

    

 

 

 
   $ 69,772       $ 69,909       $ 63,454