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Disaggregation of Sales, Geographic Sales and Product Sales
3 Months Ended
Apr. 02, 2021
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

 

 

 

April 2, 2021

 

 

April 3, 2020

 

Non-consignment sales

 

$

45,417

 

 

$

30,400

 

Consignment sales

 

 

5,335

 

 

 

4,787

 

Total net sales

 

$

50,752

 

 

$

35,187

 

 

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

 

 

 

April 2, 2021

 

 

April 3, 2020

 

Domestic

 

$

2,340

 

 

$

1,739

 

Foreign:

 

 

 

 

 

 

 

 

China

 

 

19,643

 

 

 

11,715

 

Japan

 

 

9,603

 

 

 

8,302

 

Other(1)

 

 

19,166

 

 

 

13,431

 

Total foreign sales

 

 

48,412

 

 

 

33,448

 

Total net sales

 

$

50,752

 

 

$

35,187

 

 

(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

 

 

 

April 2, 2021

 

 

April 3, 2020

 

ICLs

 

$

46,501

 

 

$

29,340

 

Other product sales

 

 

 

 

 

 

 

 

IOLs

 

 

3,725

 

 

 

3,994

 

Other surgical products

 

 

526

 

 

 

1,853

 

Total other product sales

 

 

4,251

 

 

 

5,847

 

Total net sales

 

$

50,752

 

 

$

35,187

 

 

One customer, the Company’s distributor in China, accounted for 39% and 33% of net sales for the three months ended April 2, 2021 and April 3, 2020, respectively.  As of April 2, 2021 and January 1, 2021, respectively, one customer, the Company’s distributor in China, accounted for 37% and 46% of consolidated trade receivables.