XML 28 R17.htm IDEA: XBRL DOCUMENT v3.4.0.3
Business Segment Information
 3 Months Ended
Apr. 02, 2016
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 and TA.

 

The Waters operating segment 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. The TA operating segment is primarily in the business of designing, manufacturing, distributing and servicing thermal analysis, rheometry and calorimetry instruments. The Company's two operating segments have 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 months ended April 2, 2016 and April 4, 2015 (in thousands):

    Three Months Ended
    April 2, 2016 April 4, 2015
Product net sales:      
 Waters instrument systems $ 188,529 $ 188,504
 Chemistry   84,150   78,183
 TA instrument systems   35,178   36,186
  Total product sales   307,857   302,873
         
Service net sales:      
 Waters service   151,514   142,981
 TA service   15,875   14,550
  Total service sales   167,389   157,531
         
Total net sales $ 475,246 $ 460,404