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Business Segment Information (Tables)

3 Months Ended

Apr. 03, 2021

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 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

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 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

Summary of Net Sales by Customer Class

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

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 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

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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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