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Major Customers and Export Sales
12 Months Ended
Dec. 31, 2012
Major Customers and Export Sales

(6) Major Customers and Export Sales

In 2012, there were three companies that accounted for 24%, 19%, and 10% of the Company’s consolidated sales. In 2011, there were three companies that accounted for 26%, 18% and 11% of the Company’s consolidated sales. In 2010, there were three companies that accounted for 23%, 19%, and 11% of the Company’s consolidated sales. These companies are distributors of the Company’s products.

The Company primarily sells its products to large distributors and buying cooperatives and extends credit based on an evaluation of the customer’s financial condition. The Company had three significant customers who each accounted for approximately 20%, 11% and 7% of the Company’s receivables as of December 31, 2012. The Company had three significant customers who each accounted for approximately 17%, 15% and 9% of the Company’s receivables as of December 31, 2011 and approximately 15%, 12%, and 8% as of December 31, 2010. The Company has long-standing relationships with its customers and the Company considers the credit risk to be low.

Worldwide export sales for 2012, 2011 and 2010 were as follows:

 

     2012      2011      2010  

Mexico

   $ 17,980       $ 16,616       $ 13,887   

South & Central America

     16,374         11,991         7,541   

Europe

     9,744         5,931         2,275   

Asia

     7,308         8,469         5,485   

Africa

     7,229         8,234         2,575   

Australia

     4,444         3,395         1,135   

Canada

     4,320         4,270         5,100   

Middle East

     2,495         3,876         1,051   

Other

     15         672         —    
  

 

 

    

 

 

    

 

 

 
   $ 69,909       $ 63,454       $ 39,049