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Business Segment Information (Tables)

3 Months Ended

Apr. 01, 2023

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 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

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 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

Summary of Net Sales by Customer Class

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

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 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

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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.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

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-Topic 280
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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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