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Business Segment Information
 12 Months Ended
Dec. 31, 2015
Business Segment Information [Abstract]  
Business Segment Information

15  Business Segment Information

 

The accounting standards for segment reporting establish standards for reporting information about operating segments in annual financial statements and require selected information for those segments to be presented in interim financial reports of public business enterprises. They also establish standards for related disclosures about products and services, geographic areas and major customers. 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 years ended December 31, 2015, 2014 and 2013 (in thousands):

    2015 2014 2013
Product net sales:         
 Waters instrument systems $ 895,626 $ 871,048 $ 840,608
 Chemistry   317,941   312,890   304,130
 TA instrument systems   171,689   162,791   167,765
  Total product sales   1,385,256   1,346,729   1,312,503
            
Service net sales:         
 Waters service   593,301   579,759   532,323
 TA service   63,775   62,856   59,392
  Total service sales   657,076   642,615   591,715
            
Total net sales $ 2,042,332 $ 1,989,344 $ 1,904,218

Geographic sales information is presented below for the years ended December 31, 2015, 2014 and 2013 (in thousands):

     2015 2014 2013
Net Sales:         
 United States $ 656,361 $ 596,549 $ 557,734
 Europe   555,886   607,080   573,786
 Asia:         
  China   278,600   238,892   240,535
  Japan   145,184   163,468   170,115
  Asia Other   272,179   237,668   216,229
   Total Asia   695,963   640,028   626,879
 Other   134,122   145,687   145,819
Total net sales $ 2,042,332 $ 1,989,344 $ 1,904,218

The Other category includes Canada, Latin America and Puerto Rico. Net sales are attributable to geographic areas based on the region of destination. None of the Company's individual customers accounts for more than 2% of annual Company sales.

Long-lived assets information at December 31, 2015 and 2014 is presented below (in thousands):

   2015 2014
Long-lived assets:      
 United States $ 192,352 $ 181,851
 Europe   128,189   126,080
 Asia   11,868   12,416
 Other   946   1,236
Total long-lived assets $ 333,355 $ 321,583

The Other category includes Canada, Latin America and Puerto Rico. Long-lived assets exclude goodwill, other intangible assets and other assets.