XML 43 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segment Information
 6 Months Ended
Jun. 28, 2014
Business Segment Information [Abstract]  
Business Segment Information

11  Business Segment Information

 

The Company's business activities, for which discrete financial information is available, are regularly reviewed and evaluated by the chief operating decision maker. As a result of this evaluation, the Company determined that it has two operating segments: Waters Division and TA Division.

 

Waters Division is primarily in the business of designing, manufacturing, distributing and servicing LC and MS instruments, columns and other chemistry consumables that can be integrated and used along with other analytical instruments. TA Division is primarily in the business of designing, manufacturing, distributing and servicing thermal analysis, rheometry and calorimetry instruments. The Company's two divisions are its operating segments and each has similar economic characteristics; product processes; products and services; types and classes of customers; methods of distribution and regulatory environments. Because of these similarities, the two segments have been aggregated into one reporting segment for financial statement purposes. Please refer to the consolidated financial statements for financial information regarding the one reportable segment of the Company.

Net sales for the Company's products and services are as follows for the three and six months ended June 28, 2014 and June 29, 2013 (in thousands):

    Three Months Ended Six Months Ended
    June 28, 2014 June 29, 2013 June 28, 2014 June 29, 2013
Product net sales:            
 Waters instrument systems $ 206,184 $ 195,468 $ 382,548 $ 379,992
 Chemistry   76,577   74,454   151,780   147,587
 TA instrument systems   38,504   35,289   71,732   71,346
  Total product sales   321,265   305,211   606,060   598,925
               
Service net sales:            
 Waters service   145,075   132,256   277,117   256,024
 TA service   15,461   13,648   29,132   26,504
  Total service sales   160,536   145,904   306,249   282,528
               
Total net sales $ 481,801 $ 451,115 $ 912,309 $ 881,453