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Geographic and Product Data
 3 Months Ended
Apr. 01, 2016
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 does its manufacturing in the United States. Other than Japan, China, United States, Korea, Spain, France and Germany 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 1, 2016
 
April 3, 2015
 
Japan
 
$
4,240
 
$
4,286
 
China
 
 
3,078
 
 
2,371
 
United States
 
 
2,516
 
 
2,867
 
Korea
 
 
2,023
 
 
2,343
 
Spain
 
 
1,453
 
 
1,478
 
France
 
 
1,127
 
 
1,150
 
Germany
 
 
967
 
 
495
 
Other
 
 
3,865
 
 
3,868
 
Total
 
$
19,269
 
$
18,858
 
 
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 1, 2016
 
April 3, 2015
 
ICLs
 
$
13,180
 
$
12,255
 
IOLs
 
 
5,067
 
 
5,358
 
Core products
 
 
18,247
 
 
17,613
 
Other Surgical Products
 
 
1,022
 
 
1,245
 
Total
 
$
19,269
 
$
18,858
 
 
The Company sells its products internationally, which subjects the Company to several financial 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.
 
Two customers, our distributors in Korea and China, accounted for 11% and 16% of net sales for the three months ended  April 1, 2016 and 12% and 11% of net sales for the three months ended April 3, 2015, respectively. As of April 1, 2016, one customer, our distributor in China, accounted for 21% of consolidated trade receivables. As of April 3, 2015, two customers, our distributors in China and France, accounted for 10% and 11% of consolidated trade receivables, respectively.