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Business Segment Information
 3 Months Ended
Apr. 01, 2023
Segment Reporting [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
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 1, 2023 and April 2, 2022 (in thousands):
 
 
 
 
 
 
 
 
 
 
    
Three Months Ended
  
    
April 1, 2023
     
April 2, 2022
  
Product net sales:
                  
Waters instrument systems
    $ 244,211      $ 269,962  
Chemistry consumables
      133,515        125,618  
TA instrument systems
      58,731        55,260  
    
 
 
     
 
 
  
Total product sales
      436,457        450,840  
Service net sales:
                  
Waters service
      224,349        217,576  
TA service
      23,868        22,156  
    
 
 
     
 
 
  
Total service sales
      248,217        239,732  
    
 
 
     
 
 
  
Total net sales
    $ 684,674      $ 690,572  
    
 
 
     
 
 
  
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 1, 2023 and April 2, 2022 (in thousands):
 
 
  
Three Months Ended
 
 
  
April 1, 2023
 
  
April 2, 2022
 
Net Sales:
                  
Asia:
                  
China
    $ 116,065      $ 121,032  
Japan
      46,494        48,623  
Asia Other
      90,522        84,679  
    
 
 
     
 
 
  
Total Asia
      253,081        254,334  
Americas:
                  
United States
      202,305        208,713  
Americas Other
      44,116        40,124  
    
 
 
     
 
 
  
Total Americas
      246,421        248,837  
Europe
      185,172        187,401  
    
 
 
     
 
 
  
Total net sales
    $ 684,674      $ 690,572  
    
 
 
     
 
 
  
 
Net sales by customer class are as follows for the three months ended April 1, 2023 and April 2, 2022 (in thousands):
 
 
 
 
 
 
 
 
 
 
    
Three Months Ended
  
    
April 1, 2023
     
April 2, 2022
  
Pharmaceutical
    $ 384,898      $ 415,772  
Industrial
      209,650        209,397  
Academic and government
      90,126        65,403  
    
 
 
     
 
 
  
Total net sales
    $ 684,674      $ 690,572  
    
 
 
     
 
 
  
Net sales for the Company recognized at a point in time versus over time are as follows for the three months ended April 1, 2023 and April 2, 2022 (in thousands):
 
 
 
 
 
 
 
 
 
 
    
Three Months Ended
  
    
April 1, 2023
     
April 2, 2022
  
Net sales recognized at a point in time:
                  
Instrument systems
    $ 302,942      $ 325,222  
Chemistry consumables
      133,515        125,618  
Service sales recognized at a point in time (time & materials)
      88,207        85,778  
    
 
 
     
 
 
  
Total net sales recognized at a point in time
      524,664        536,618  
Net sales recognized over time:
                  
Service and software maintenance sales recognized over time (contracts)
      160,010        153,954  
    
 
 
     
 
 
  
Total net sales
    $ 684,674      $ 690,572