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Geographic and Product Data
 3 Months Ended
Apr. 03, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Note 9 - Geographic and Product Data
 
The Company markets and sells its products in over 60 countries and has manufacturing sites in the United States and Switzerland. Other than the United States, Japan, Korea, China, Spain, and France, the Company does not conduct business in any country in which its sales exceed 5% of consolidated net sales. Sales are generally attributed to countries based on location of customers. The composition of the Company’s net sales to unaffiliated customers is set forth below (in thousands):
 
 
 
Three Months Ended
 
 
 
April 3, 2015
 
April 4, 2014
 
Japan
 
$
4,286
 
$
5,008
 
United States
 
 
2,867
 
 
2,874
 
China
 
 
2,371
 
 
2,225
 
Korea
 
 
2,343
 
 
2,621
 
Spain
 
 
1,478
 
 
1,618
 
France
 
 
1,150
 
 
946
 
Other
 
 
4,363
 
 
4,886
 
Total
 
$
18,858
 
$
20,178
 
 
100% of the Company’s net sales are generated from the ophthalmic surgical product segment and therefore the Company operates as one operating segment for financial reporting purposes. The Company’s principal products are implantable Collamer lenses (“ICLs”) used in refractive surgery and intraocular lenses (“IOLs”) used in cataract surgery. The composition of the Company’s net sales by product line is as follows (in thousands):
 
 
 
Three Months Ended
 
 
 
April 3, 2015
 
April 4, 2014
 
ICLs
 
$
12,255
 
$
12,241
 
IOLs
 
 
5,358
 
 
6,613
 
Core products
 
 
17,613
 
 
18,854
 
Other Surgical Products
 
 
1,245
 
 
1,324
 
Total
 
$
18,858
 
$
20,178
 
 
The Company sells its products internationally, which subjects the Company to several potential risks, including fluctuating foreign currency exchange rates (to the extent the Company’s transactions are not in U.S. dollars), regulation of fund transfers by foreign governments, United States and foreign export and import duties and tariffs, and political instability.
 
A single customer, our distributor in South Korea, has accounted for 12% and 13% of net sales for the three months ended April 3, 2015 and April 4, 2014, respectively.