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Business Segment Information
 3 Months Ended
Apr. 03, 2021
Segment Reporting [Abstract]  
Business Segment Information
12 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 twooperating segments: Waters
TM
and TA
TM
.
The Waters operating segment is primarily in the business of designing, manufacturing, selling 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, selling 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 3, 2021 and March 28, 2020 (in thousands):
 
    
Three Months Ended
  
    
April 3, 2021
     
March 28, 2020
  
Product net sales:
                  
Waters instrument systems
    $ 216,072      $ 142,829  
Chemistry consumables
      118,974        97,245  
TA instrument systems
      46,976        34,109  
    
 
 
     
 
 
  
Total product sales
      382,022        274,183  
Service net sales:
                  
Waters service
      206,832        174,137  
TA service
      19,691        16,619  
    
 
 
     
 
 
  
Total service sales
      226,523        190,756  
    
 
 
     
 
 
  
Total net sales
    $ 608,545      $ 464,939  
    
 
 
     
 
 
  
Net sales are attributable to geographic areas based on the region of destination. Geographic sales information is presented below for the three months ended April 3, 2021 and March 28, 2020 (in thousands):
 
    
Three Months Ended
  
    
April 3, 2021
     
March 28, 2020
  
Net Sales:
                  
Asia:
                  
China
    $ 102,919      $ 47,231  
Japan
      50,296        45,089  
Asia Other
      76,327        66,760  
    
 
 
     
 
 
  
Total Asia
      229,542        159,080  
Americas:
                  
United States
      162,433        143,898  
Americas Other
      34,924        28,278  
    
 
 
     
 
 
  
Total Americas
      197,357        172,176  
Europe
      181,646        133,683  
    
 
 
     
 
 
  
Total net sales
    $ 608,545      $ 464,939  
    
 
 
     
 
 
  
Net sales by customer class are as follows for the three months ended April 3, 2021 and March 28, 2020 (in thousands):
 
    
Three Months Ended
  
    
April 3, 2021
     
March 28, 2020
  
Pharmaceutical
    $ 360,148      $ 272,563  
Industrial
      183,273        143,354  
Academic and government
      65,124        49,022  
    
 
 
     
 
 
  
Total net sales
    $ 608,545      $ 464,939  
    
 
 
     
 
 
  
Net sales for the Company recognized at a point in time versus over time are as follows for the three months ended April 3, 2021 and March 28, 2020 (in thousands):
 
    
Three Months Ended
  
    
April 3, 2021
     
March 28, 2020
  
Net sales recognized at a point in time:
                  
Instrument systems
    $ 263,048      $ 176,938  
Chemistry consumables
      118,974        97,245  
Service sales recognized at a point in time (time & materials)
      79,287        67,742  
    
 
 
     
 
 
  
Total net sales recognized at a point in time
      461,309        341,925  
Net sales recognized over time:
                  
Service and software sales recognized over time (contracts)
      147,236        123,014  
    
 
 
     
 
 
  
Total net sales
    $ 608,545      $ 464,939