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Segment and Geographic Data

12 Months Ended

Dec. 30, 2017

Segment Reporting [Abstract]

Segment and Geographic Data

Note 15 – Segment and Geographic Data

We conduct our business through two reportable segments: (i) health care distribution and (ii) technology and value-added services.  These segments offer different products and services to the same customer base.

The health care distribution reportable segment aggregates our global dental, animal health and medical operating segments.  This segment distributes consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.  Our global dental group serves office-based dental practitioners, dental laboratories, schools and other institutions.  Our global animal health group serves animal health practices and clinics.  Our global medical group serves office-based medical practitioners, ambulatory surgery centers, other alternate-care settings and other institutions.  Our global dental, animal health and medical groups serve practitioners in 34 countries worldwide.

Our technology and value-added services group provides software, technology and other value-added services to health care practitioners.  Our technology group offerings include practice management software systems for dental and medical practitioners and animal health clinics.  Our value-added practice solutions include financial services on a non-recourse basis, e-services, continuing education services for practitioners, consulting and other services.

The following tables present information about our reportable and operating segments:

					Years Ended
					December 30,			December 31,			December 26,
					2017			2016			2015
Net Sales:
	Health care distribution (1):
		Dental			$	6,048,813		$	5,555,299		$	5,276,407
		Animal health				3,476,635			3,253,095			2,921,624
		Medical				2,497,994			2,337,661			2,072,915
			Total health care distribution			12,023,442			11,146,055			10,270,946
	Technology and value-added services (2)					438,101			425,613			358,773
		Total			$	12,461,543		$	11,571,668		$	10,629,719
(1)	Consists of consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and
	generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
(2)	Consists of practice management software and other value-added products, which are distributed primarily to health care providers,
	and financial services on a non-recourse basis, e-services, continuing education services for practitioners, consulting and
	other services.

				Years ended
				December 30,			December 31,			December 26,
				2017			2016			2015
Operating Income:
	Health care distribution			$	728,520		$	652,106		$	626,574
	Technology and value-added services				130,849			119,468			107,398
		Total		$	859,369		$	771,574		$	733,972
Income before taxes and equity in earnings of affiliates:
	Health care distribution			$	696,453		$	640,184		$	617,582
	Technology and value-added services				126,395			115,651			103,176
		Total		$	822,848		$	755,835		$	720,758
Depreciation and Amortization:
	Health care distribution			$	168,186		$	146,276		$	141,184
	Technology and value-added services				24,886			23,504			17,943
		Total		$	193,072		$	169,780		$	159,127
Income Tax Expense:
	Health care distribution			$	325,302		$	185,571		$	180,133
	Technology and value-added services				37,204			32,387			31,258
		Total		$	362,506		$	217,958		$	211,391
Interest Income:
	Health care distribution			$	17,318		$	13,086		$	12,833
	Technology and value-added services				235			189			102
		Total		$	17,553		$	13,275		$	12,935
Interest Expense:
	Health care distribution			$	53,607		$	31,845		$	25,926
	Technology and value-added services				47			48			82
		Total		$	53,654		$	31,893		$	26,008
Purchases of Fixed Assets:
	Health care distribution			$	76,449		$	66,611		$	68,235
	Technology and value-added services				5,052			3,568			3,449
		Total		$	81,501		$	70,179		$	71,684
				As of
				December 30,			December 31,			December 26,
				2017			2016			2015
Total Assets:
	Health care distribution			$	7,345,418		$	6,324,735		$	6,159,285
	Technology and value-added services				465,817			435,661			375,455
		Total		$	7,811,235		$	6,760,396		$	6,534,740

The following table presents information about our operations by geographic area as of and for the three years ended December 30, 2017. Net sales by geographic area are based on the respective locations of our subsidiaries. No country, except for the United States, generated net sales greater than 10% of consolidated net sales. There were no material amounts of sales or transfers among geographic areas and there were no material amounts of export sales.

			2017						2016						2015
			Net Sales			Long-Lived Assets			Net Sales			Long-Lived Assets			Net Sales			Long-Lived Assets
United States			$	7,904,698		$	2,000,624		$	7,536,897		$	1,803,689		$	6,798,847		$	1,739,546
Other				4,556,845			1,345,349			4,034,771			1,171,137			3,830,872			1,079,494
	Consolidated total		$	12,461,543		$	3,345,973		$	11,571,668		$	2,974,826		$	10,629,719		$	2,819,040

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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