XML 31 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Disaggregation of Sales, Geographic Sales and Product Sales
9 Months Ended
Oct. 01, 2021
Segment Reporting [Abstract]  
Disaggregation of Sales, Geographic Sales and Product Sales

Note 14 — Disaggregation of Sales, Geographic Sales and Product Sales

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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 1, 2021

 

 

October 2, 2020

 

 

October 1, 2021

 

 

October 2, 2020

 

Non-consignment sales

 

$

53,819

 

 

$

42,535

 

 

$

156,604

 

 

$

96,381

 

Consignment sales

 

 

4,533

 

 

 

4,546

 

 

 

14,867

 

 

 

21,081

 

Total net sales

 

$

58,352

 

 

$

47,081

 

 

$

171,471

 

 

$

117,462

 

 

The Company markets and sells its products in over 75 countries and conducts its manufacturing in the United States.  Other than China and Japan, the Company does not conduct business in any country in which its sales exceed 10% of worldwide 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):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 1, 2021

 

 

October 2, 2020

 

 

October 1, 2021

 

 

October 2, 2020

 

Domestic

 

$

2,385

 

 

$

1,477

 

 

$

7,429

 

 

$

4,098

 

Foreign:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

China

 

 

28,411

 

 

 

23,301

 

 

 

80,984

 

 

 

53,619

 

Japan

 

 

10,488

 

 

 

9,208

 

 

 

29,374

 

 

 

24,973

 

Other(1)

 

 

17,068

 

 

 

13,095

 

 

 

53,684

 

 

 

34,772

 

Total foreign sales

 

 

55,967

 

 

 

45,604

 

 

 

164,042

 

 

 

113,364

 

Total net sales

 

$

58,352

 

 

$

47,081

 

 

$

171,471

 

 

$

117,462

 

 

(1)

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

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 upon the consolidated operating results, 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 was as follows (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 1, 2021

 

 

October 2, 2020

 

 

October 1, 2021

 

 

October 2, 2020

 

ICLs

 

$

54,153

 

 

$

41,493

 

 

$

159,889

 

 

$

101,561

 

Other product sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cataract IOLs

 

 

2,525

 

 

 

3,325

 

 

 

9,324

 

 

 

9,880

 

Other surgical products

 

 

1,674

 

 

 

2,263

 

 

 

2,258

 

 

 

6,021

 

Total other product sales

 

 

4,199

 

 

 

5,588

 

 

 

11,582

 

 

 

15,901

 

Total net sales

 

$

58,352

 

 

$

47,081

 

 

$

171,471

 

 

$

117,462

 

 

One customer, the Company’s distributor in China, accounted for 49% and 47% of net sales for the three and nine months ended October 1, 2021 and the same customer, accounted for 49% and 46% for the three and nine months ended October 2, 2020, respectively.  As of October 1, 2021 and January 1, 2021, respectively, one customer, the Company’s distributor in China, accounted for 47% and 46% of consolidated trade receivables.