XML 41 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Segment Information
 9 Months Ended
Sep. 27, 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 nine months ended September 27, 2014 and September 28, 2013 (in thousands):

    Three Months Ended Nine Months Ended
    September 27, 2014 September 28, 2013 September 27, 2014 September 28, 2013
Product net sales:            
 Waters instrument systems $ 213,122 $ 196,989 $ 595,670 $ 576,981
 Chemistry   77,853   75,413   229,633   223,000
 TA instrument systems   40,190   40,541   111,922   111,887
  Total product sales   331,165   312,943   937,225   911,868
               
Service net sales:            
 Waters service   146,038   130,308   423,155   386,332
 TA service   15,962   14,066   45,094   40,570
  Total service sales   162,000   144,374   468,249   426,902
               
Total net sales $ 493,165 $ 457,317 $ 1,405,474 $ 1,338,770