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Disaggregation of Sales, Geographic Sales and Product Sales
6 Months Ended
Jun. 28, 2019
Segment Reporting [Abstract]  
Disaggregation of Sales, Geographic Sales and Product Sales

Note 14 — Disaggregation of Sales, Geographic Sales and Product Sales

In the following tables, sales are disaggregated by category, sales by geographic market and sales by product data.  The following breaks down sales into the following categories (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28,

2019

 

 

June 29,

2018

 

 

June 28,

2019

 

 

June 29,

2018

 

Non-consignment sales

 

$

35,556

 

 

$

29,661

 

 

$

63,822

 

 

$

51,842

 

Consignment sales

 

 

4,108

 

 

 

4,244

 

 

 

8,425

 

 

 

9,156

 

Total net sales

 

$

39,664

 

 

$

33,905

 

 

$

72,247

 

 

$

60,998

 

Note 14 — Disaggregation of Sales, Geographic Sales and Product Sales (Continued)

The Company markets and sells its products in over 75 countries and conducts its manufacturing in the United States.  Other than China and Japan, the Company does not conduct business in any country in which its sales exceed 10% of worldwide consolidated net sales. Sales are attributed to countries based on location of customers. The composition of the Company’s net sales to unaffiliated customers is set forth below (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28,

2019

 

 

June 29,

2018

 

 

June 28,

2019

 

 

June 29,

2018

 

China

 

$

19,394

 

 

$

13,965

 

 

$

31,165

 

 

$

21,875

 

Japan

 

 

6,275

 

 

 

6,692

 

 

 

11,794

 

 

 

11,775

 

Other(1)

 

 

13,995

 

 

 

13,248

 

 

 

29,288

 

 

 

27,348

 

Total net sales

 

$

39,664

 

 

$

33,905

 

 

$

72,247

 

 

$

60,998

 

 

(1)

No other location individually exceeds 10% of the total sales.

In addition, domestic and foreign sales are as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28,

2019

 

 

June 29,

2018

 

 

June 28,

2019

 

 

June 29,

2018

 

Domestic

 

$

2,114

 

 

$

1,895

 

 

$

4,066

 

 

$

3,651

 

Foreign

 

 

37,550

 

 

 

32,010

 

 

 

68,181

 

 

 

57,347

 

Total net sales

 

$

39,664

 

 

$

33,905

 

 

$

72,247

 

 

$

60,998

 

 

100% of the Company’s sales are generated from the ophthalmic surgical product segment and the chief operating decision maker makes operating decisions and allocates resources based upon the consolidated operating results, and therefore the Company operates as one operating segment for financial reporting purposes. The Company’s principal products are implantable Collamer lenses (“ICLs”) used in refractive surgery and intraocular lenses (“IOLs”) used in cataract surgery.  The composition of the Company’s net sales by product line is as follows (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 28,

2019

 

 

June 29,

2018

 

 

June 28,

2019

 

 

June 29,

2018

 

ICLs

 

$

34,432

 

 

$

27,292

 

 

$

62,218

 

 

$

48,450

 

Other product sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IOLs

 

 

3,874

 

 

 

4,186

 

 

 

7,891

 

 

 

8,244

 

Other surgical products

 

 

1,358

 

 

 

2,427

 

 

 

2,138

 

 

 

4,304

 

Total other product sales

 

 

5,232

 

 

 

6,613

 

 

 

10,029

 

 

 

12,548

 

Total net sales

 

$

39,664

 

 

$

33,905

 

 

$

72,247

 

 

$

60,998

 

 

One customer, our distributor in China, accounted for 49% and 43% of net sales for the three and six months ended June 28, 2019, respectively, and the same customer accounted for 41% and 36% of net sales for the three and six months ended June 29, 2018, respectively.  As of June 28, 2019 and December 28, 2018, respectively, one customer, our distributor in China, accounted for 48% and 37% of consolidated trade receivables.