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Disaggregation of Sales, Geographic Sales and Product Sales
3 Months Ended
Apr. 03, 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

 

 

 

April 3, 2020

 

 

March 29, 2019

 

Non-consignment sales

 

$

30,400

 

 

$

28,266

 

Consignment sales

 

 

4,787

 

 

 

4,317

 

Total net sales

 

$

35,187

 

 

$

32,583

 

 

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):

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

 

 

 

Three Months Ended

 

 

 

April 3, 2020

 

 

March 29, 2019

 

Domestic

 

$

1,739

 

 

$

1,952

 

Foreign:

 

 

 

 

 

 

 

 

China

 

$

11,715

 

 

$

11,771

 

Japan

 

 

8,302

 

 

 

5,519

 

Other(1)

 

 

13,431

 

 

 

13,341

 

Total foreign sales

 

 

33,448

 

 

 

30,631

 

Total net sales

 

$

35,187

 

 

$

32,583

 

 

(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 3, 2020

 

 

March 29, 2019

 

ICLs

 

$

29,340

 

 

$

27,786

 

Other product sales

 

 

 

 

 

 

 

 

IOLs

 

 

3,994

 

 

 

4,017

 

Other surgical products

 

 

1,853

 

 

 

780

 

Total other product sales

 

 

5,847

 

 

 

4,797

 

Total net sales

 

$

35,187

 

 

$

32,583

 

 

One customer, the Company’s distributor in China, accounted for 33% and 36% of net sales for the three months ended April 3, 2020 and March 29, 2019, respectively.  As of April 3, 2020 and January 3, 2020, respectively, one customer, the Company’s distributor in China, accounted for 48% and 43% of consolidated trade receivables.