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Business Segment Information (Tables)

3 Months Ended

Mar. 28, 2020

Segment Reporting [Abstract]

Summary of Net Sales for Company's Products and Services

Net sales for the Company’s products and services are as follows for the three months ended March 28, 2020 and March 30, 2019 (in thousands):

		Three Months Ended
		March 28, 2020				March 30, 2019
Product net sales:
Waters instrument systems		$	142,829			$	184,612
Chemistry consumables			97,245				99,253
TA instrument systems			34,109				36,638
Total product sales			274,183				320,503
Service net sales:
Waters service			174,137				176,049
TA service			16,619				17,310
Total service sales			190,756				193,359
Total net sales		$	464,939			$	513,862

Summary of Geographic Sales Information

Net sales are attributable to geographic areas based on the region of destination. Geographic sales information is presented below for the three months ended March 28, 2020 and March 30, 2019 (in thousands):

		Three Months Ended
		March 28, 2020				March 30, 2019
Net Sales:
Asia:
China		$	47,231			$	90,091
Japan			45,089				43,504
Asia Other			66,760				66,917
Total Asia			159,080				200,512
Americas:
United States			143,898				149,157
Americas Other			28,278				32,711
Total Americas			172,176				181,868
Europe			133,683				131,482
Total net sales		$	464,939			$	513,862

Summary of Net Sales by Customer Class

Net sales by customer class are as follows for the three months ended March 28, 2020 and March 30, 2019 (in thousands):

		Three Months Ended
		March 28, 2020				March 30, 2019
Pharmaceutical		$	272,563			$	294,512
Industrial			143,354				155,218
Academic and governmental			49,022				64,132
Total net sales		$	464,939			$	513,862

Summary of Net Sales of Company Recognized at a Point in Time Versus Over Time

Net sales for the Company recognized at a point in time versus over time are as follows for the three months ended March 28, 2020 and March 30, 2019 (in thousands):

		Three Months Ended
		March 28, 2020				March 30, 2019
Net sales recognized at a point in time:
Instrument systems		$	176,938			$	221,250
Chemistry consumables			97,245				99,253
Service sales recognized at a point in time (time & materials)			67,742				72,759
Total net sales recognized at a point in time			341,925				393,262
Net sales recognized over time:
Service and software sales recognized over time (contracts)			123,014				120,600
Total net sales		$	464,939			$	513,862

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

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Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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