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Disaggregation of Revenues, Geographic Sales and Product Sales
12 Months Ended
Dec. 28, 2018
Segment Reporting [Abstract]  
Disaggregation of Revenues, Geographic Sales and Product Sales

Note 16 — Disaggregation of Revenues, Geographic Sales and Product Sales

In the following tables, revenues are disaggregated by category, sales by geographic market and sales by product data.  The following breaks down revenues into the following categories (in thousands):  

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

Non-consignment sales

 

$

106,338

 

 

$

74,163

 

 

$

65,037

 

Consignment sales

 

 

17,616

 

 

 

16,448

 

 

 

17,395

 

Total net sales

 

 

123,954

 

 

 

90,611

 

 

 

82,432

 

 

Note 16 — Disaggregation of Revenues, Geographic Sales and Product Sales (Continued)

The Company markets and sells its products in more than 75 countries and conducts its manufacturing in the United States. Other than China, Japan and the United States, the Company does not conduct business in any country in which its sales in that country exceed 10% of consolidated net sales. Sales are attributed to countries based on location of customers. The composition of the Company’s net sales to unaffiliated customers was as follows (in thousands):

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

China(1)

 

$

46,070

 

 

$

24,473

 

 

$

16,624

 

Japan

 

 

23,151

 

 

 

18,125

 

 

 

17,327

 

United States

 

 

7,316

 

 

 

7,894

 

 

 

9,859

 

Other(2)

 

 

47,417

 

 

 

40,119

 

 

 

38,622

 

Total net sales

 

$

123,954

 

 

$

90,611

 

 

$

82,432

 

 

(1)

Starting in fiscal 2018, the China region includes sales into China and Hong Kong.  Sales for fiscal 2017 and 2016, also reflect sales into Hong Kong so as to be comparable to 2018 presentation, where previously Hong Kong sales were included in the other line item.

(2)

No other location individually exceeds 10% of the total net sales.

In addition, domestic and foreign sales were as follows (in thousands):

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

Domestic

 

$

7,316

 

 

$

7,894

 

 

$

9,859

 

Foreign

 

 

116,638

 

 

 

82,717

 

 

 

72,573

 

Total net sales

 

$

123,954

 

 

$

90,611

 

 

$

82,432

 

 

100% of the Company’s sales are generated from the ophthalmic surgical product segment and the chief operating decision maker makes the operating decisions and allocates resources based upon the consolidated operating results, therefore, the Company operates as one operating segment for financial reporting purposes. The Company’s principal products are IOLs used in cataract surgery and ICLs used in refractive surgery.  The composition of the Company’s net sales by product line was as follows (in thousands):

 

 

 

Years Ended

 

 

 

2018

 

 

2017

 

 

2016

 

ICLs

 

$

101,082

 

 

$

68,325

 

 

$

59,111

 

Other product sales

 

 

 

 

 

 

 

 

 

 

 

 

IOLs

 

 

16,193

 

 

 

17,258

 

 

 

19,706

 

Other surgical products

 

 

6,679

 

 

 

5,028

 

 

 

3,615

 

Total other product sales

 

 

22,872

 

 

 

22,286

 

 

 

23,321

 

Total net sales

 

$

123,954

 

 

$

90,611

 

 

$

82,432

 

 

Note 16 — Disaggregation of Revenues, Geographic Sales and Product Sales (Continued)

The composition of the Company’s long-lived assets, consisting of property and equipment, net, and intangible assets, net, between those in the United States, Switzerland, and Japan is set forth below as of December 28, 2018 and December 29, 2017 (in thousands):

 

 

 

2018

 

 

2017

 

U.S.

 

$

10,416

 

 

$

8,523

 

Switzerland

 

 

705

 

 

 

912

 

Japan

 

 

573

 

 

 

612

 

Total

 

$

11,694

 

 

$

10,047

 

 

The Company sells its products internationally, which subjects the Company to several potential risks, including fluctuating 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.