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Geographic and Product Data
 9 Months Ended
Oct. 02, 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. Other than Japan, China, United States, Korea, Spain and Germany, the Company does not conduct business in any country in which its sales exceed 5% of consolidated sales. Sales are 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
 
Nine Months Ended
 
 
 
October 2,
 
October 3,
 
October 2,
 
October 3,
 
 
 
2015
 
2014
 
2015
 
2014
 
Japan
 
$
4,249
 
$
4,792
 
$
12,514
 
$
14,349
 
China
 
 
3,095
 
 
2,915
 
 
8,794
 
 
7,675
 
United States
 
 
2,873
 
 
2,875
 
 
8,464
 
 
8,676
 
Korea
 
 
1,690
 
 
1,098
 
 
5,303
 
 
5,671
 
Spain
 
 
1,137
 
 
1,178
 
 
4,101
 
 
4,270
 
Germany
 
 
962
 
 
713
 
 
2,151
 
 
2,625
 
Other
 
 
4,744
 
 
4,617
 
 
14,937
 
 
15,148
 
Total
 
$
18,750
 
$
18,188
 
$
56,264
 
$
58,414
 
 
100% of the Company’s 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
 
Nine Months Ended
 
 
 
October 2,
 
October 3,
 
October 2,
 
October 3,
 
 
 
2015
 
2014
 
2015
 
2014
 
ICLs
 
$
12,907
 
$
10,640
 
$
37,396
 
$
35,052
 
IOLs
 
 
4,390
 
 
5,763
 
 
14,952
 
 
18,804
 
  Core products
 
 
17,297
 
 
16,403
 
 
52,348
 
 
53,856
 
Other surgical products
 
 
1,453
 
 
1,785
 
 
3,916
 
 
4,558
 
  Total
 
$
18,750
 
$
18,188
 
$
56,264
 
$
58,414
 
 
One customer, a distributor, accounted for 16% and 14% of net sales for the three and nine months ended October 2, 2015. One customer, a distributor, accounted for 14% and 11% of net sales for the three months and nine months ended October 3, 2014, respectively. As of October 2, 2015, one customer accounted for 16% of consolidated trade receivables.  As of January 2, 2015, there were two customers with trade receivable balances of 10% and 11% of consolidated trade receivables, respectively.
 
The Company sells its products internationally, which subjects the Company to several potential risks, including regional/country economic conditions and regulatory requirements, 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.