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Disaggregation of Sales, Geographic Sales and Product Sales
9 Months Ended
Oct. 02, 2020
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

 

 

Nine Months Ended

 

 

 

October 2, 2020

 

 

September 27, 2019

 

 

October 2, 2020

 

 

September 27, 2019

 

Non-consignment sales

 

$

42,535

 

 

$

34,696

 

 

$

96,381

 

 

$

98,518

 

Consignment sales

 

 

4,546

 

 

 

4,359

 

 

 

21,081

 

 

 

12,784

 

Total net sales

 

$

47,081

 

 

$

39,055

 

 

$

117,462

 

 

$

111,302

 

 

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 was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 2, 2020

 

 

September 27, 2019

 

 

October 2, 2020

 

 

September 27, 2019

 

Domestic

 

$

1,477

 

 

$

1,783

 

 

$

4,098

 

 

$

5,849

 

Foreign:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China

 

 

23,301

 

 

 

18,361

 

 

 

53,619

 

 

 

49,526

 

Japan

 

 

9,208

 

 

 

7,345

 

 

 

24,973

 

 

 

19,139

 

Other(1)

 

 

13,095

 

 

 

11,566

 

 

 

34,772

 

 

 

36,788

 

Total foreign sales

 

 

45,604

 

 

 

37,272

 

 

 

113,364

 

 

 

105,453

 

Total net sales

 

$

47,081

 

 

$

39,055

 

 

$

117,462

 

 

$

111,302

 

 

(1)

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

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 was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 2, 2020

 

 

September 27, 2019

 

 

October 2, 2020

 

 

September 27, 2019

 

ICLs

 

$

41,493

 

 

$

33,815

 

 

$

101,561

 

 

$

96,033

 

Other product sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IOLs

 

 

3,325

 

 

 

4,093

 

 

 

9,880

 

 

 

11,984

 

Other surgical products

 

 

2,263

 

 

 

1,147

 

 

 

6,021

 

 

 

3,285

 

Total other product sales

 

 

5,588

 

 

 

5,240

 

 

 

15,901

 

 

 

15,269

 

Total net sales

 

$

47,081

 

 

$

39,055

 

 

$

117,462

 

 

$

111,302

 

 

One customer, the Company’s distributor in China, accounted for 49% and 46% of net sales for the three and nine months ended October 2, 2020, respectively, and the same customer, accounted for 47% and 44% of net sales for the three and nine months ended September 27, 2019, respectively.  As of October 2, 2020 and January 3, 2020, respectively, one customer, the Company’s distributor in China, accounted for 59% and 43% of consolidated trade receivables.