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Business Segment Information | 12 Months Ended
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Dec. 31, 2017
Business Segment Information [Abstract] |
Business Segment Information | 16 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® and TA®. The Waters operating segment is primarily in the business of designing, manufacturing, distribut ing and servicing LC and MS instruments, columns and other precision 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, distribut ing 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 re gulatory 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 repor table segment of the Company. Net sales for the Company’s products and services are as follows for the years ended December 31, 2017, 2016 and 2015 (in thousands):
|  |  |  | 2017 |  | 2016 |  | 2015
Product net sales: |  |  |  |  |  |  |  |  |
| Waters instrument systems |  | $ | 988,750 |  | $ | 943,218 |  | $ | 895,626
| Chemistry consumables |  |  | 372,157 |  |  | 345,413 |  |  | 317,941
| TA instrument systems |  |  | 191,442 |  |  | 171,665 |  |  | 171,689
|  | Total product sales |  |  | 1,552,349 |  |  | 1,460,296 |  |  | 1,385,256
Service net sales: |  |  |  |  |  |  |  |  |
| Waters service |  |  | 686,656 |  |  | 639,432 |  |  | 593,301
| TA service |  |  | 70,073 |  |  | 67,695 |  |  | 63,775
|  | Total service sales |  |  | 756,729 |  |  | 707,127 |  |  | 657,076
Total net sales |  | $ | 2,309,078 |  | $ | 2,167,423 |  | $ | 2,042,332
Geographic sales information is presented below for the years ended December 31, 2017, 2016 and 2015 (in thousands):
|  |  |  |  | 2017 |  | 2016 |  | 2015
Net Sales: |  |  |  |  |  |  |  |  |
| United States |  | $ | 669,274 |  | $ | 665,280 |  | $ | 656,361
| Europe |  |  | 636,472 |  |  | 577,257 |  |  | 555,886
| Asia: |  |  |  |  |  |  |  |  |
|  | China |  |  | 387,059 |  |  | 331,354 |  |  | 278,600
|  | Japan |  |  | 167,258 |  |  | 167,977 |  |  | 145,184
|  | Asia Other |  |  | 308,300 |  |  | 283,653 |  |  | 272,179
|  |  | Total Asia |  |  | 862,617 |  |  | 782,984 |  |  | 695,963
| Other |  |  | 140,715 |  |  | 141,902 |  |  | 134,122
Total net sales |  | $ | 2,309,078 |  | $ | 2,167,423 |  | $ | 2,042,332
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, 2017 and 2016 is presented below (in thousands):
|  |  | 2017 |  | 2016 |  | 2015
Long-lived assets: |  |  |  |  |  |  |  |  |
| United States |  | $ | 186,344 |  | $ | 207,062 |  | $ | 192,352
| Europe |  |  | 136,440 |  |  | 114,848 |  |  | 128,189
| Asia |  |  | 24,774 |  |  | 14,376 |  |  | 11,868
| Other |  |  | 1,720 |  |  | 832 |  |  | 946
Total long-lived assets |  | $ | 349,278 |  | $ | 337,118 |  | $ | 333,355
The Other category includes Canada, Latin America and Puerto Rico. Long-lived assets exclude goodwill, other intangible assets and other assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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