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Geographic and Product Data
 9 Months Ended
Sep. 30, 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 has manufacturing sites in the United States. Other than Japan, China, and the United States, the Company does not conduct business in any country in which its sales exceed 10% 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
 
 
 
September 30,
 
October 2,
 
September 30,
 
October 2,
 
 
 
2016
 
2015
 
2016
 
2015
 
Japan
 
$
4,029
 
$
4,249
 
$
12,258
 
$
12,514
 
China
 
 
4,254
 
 
3,095
 
 
11,749
 
 
8,794
 
United States
 
 
2,419
 
 
2,873
 
 
7,355
 
 
8,464
 
Other
 
 
9,350
 
 
8,533
 
 
28,933
 
 
26,492
 
Total
 
$
20,052
 
$
18,750
 
$
60,295
 
$
56,264
 
 
Because 100% of the Company’s sales are generated from the ophthalmic surgical product segment and the chief operating decision maker makes operating decisions and allocates resources based on consolidated operating results, 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
 
 
 
September 30,
 
October 2,
 
September 30,
 
October 2,
 
 
 
2016
 
2015
 
2016
 
2015
 
ICLs
 
$
14,801
 
$
12,907
 
$
43,389
 
$
37,396
 
IOLs
 
 
4,649
 
 
4,390
 
 
14,783
 
 
14,952
 
Other surgical products
 
 
602
 
 
1,453
 
 
2,123
 
 
3,916
 
Total
 
$
20,052
 
$
18,750
 
$
60,295
 
$
56,264
 
 
One customer, our distributor in China, accounted for 21% and 19%, of net sales for the three and nine months ended September 30, 2016, respectively, and 16% and 14% of net sales for the three and nine months ended October 2, 2015, respectively.
 
As of September 30, 2016, two customers, our distributors in China and Korea, accounted for 20% and 11% of consolidated trade receivables. As of January 1, 2016, there was one customer, our distributor in China, which accounted for 24% of consolidated trade receivables.
 
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.