Segment Information and Enterprise Reporting Segment Information and Enterprise Reporting

12 Months Ended

Dec. 28, 2019

Segment Information and Enterprise Reporting

22. Segment Information and Enterprise Reporting

The Company’s chief operating decision maker, the CEO, reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenues by geographic region for purposes of making operating decisions and assessing financial performance. Accordingly, the Company considers itself to be in a single reporting segment, specifically noninvasive patient monitoring solutions and related products. In addition, the Company’s assets are primarily located in the U.S. The Company does not produce reports for, or measure the performance of, its geographic regions on any asset-based metrics. Therefore, geographic information is presented only for revenues and long-lived assets.

The following schedule presents an analysis of the Company’s product revenues based upon the geographic area to which the product was shipped (in thousands, except percentages):



	Year Ended December 28, 2019				Year Ended December 29, 2018				Year Ended December 30, 2017
Geographic area by destination:
United States (U.S.)	$	636,371	68.0	%	$	566,816	68.3	%	$	502,983	68.1	%
Europe, Middle East and Africa	183,363		19.6		160,910		19.4		138,689		18.8
Asia and Australia	87,961		9.4		75,534		9.1		72,434		9.8
North and South America (excluding U.S.)	28,713		3.0		26,614		3.2		24,136		3.3
Total product revenue	$	936,408	100.0	%	$	829,874	100.0	%	$	738,242	100.0	%

The Company’s consolidated long-lived assets (tangible non-current assets) by geographic area are (in thousands, except percentages):



	Year Ended December 28, 2019				Year Ended December 29, 2018				Year Ended December 30, 2017
Long-lived assets by geographic area:
United States	$	216,650	98.5	%	$	262,373	95.6	%	$	247,555	96.2	%
International	3,276		1.5		12,016		4.4		9,802		3.8
Total	$	219,926	100.0	%	$	274,389	100.0	%	$	257,357	100.0	%

The Company possesses licenses from the U.S. Treasury Department’s Office of Foreign Assets Control for conducting business with certain countries identified by the State Department as state sponsors of terrorism. The Company does not have any subsidiaries, affiliates, offices, investments or employees in any country identified as a state sponsor of terrorism. In addition, the Company did not have any sales to customers in Sudan or Syria during the years ended December 28, 2019, December 29, 2018 and December 30, 2017. However, the Company did have immaterial product sales to certain customers where such products were ultimately destined for Iran during the years ended December 28, 2019, December 29, 2018 and December 30, 2017, but does not believe that such sales activities were material to its business, financial condition or results of operations.