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SEGMENT AND SIGNIFICANT CUSTOMER INFORMATION
 6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
12. SEGMENT AND SIGNIFICANT CUSTOMER INFORMATION

 

Pursuant to Codification Topic 280, Segment Reporting, we operate in one reportable business segment, that being the development, acquisition, manufacture and sale of products that improve the health and productivity of cows for the dairy and beef industries. Almost all of our internally funded product development expenses are in support of such products. Our primary customers for the majority of our product sales (80% and 84% for the three-month periods ended June 30, 2012 and 2011, respectively, and 80% and 83% for the six-month periods ended June 30, 2012 and 2011, respectively) are in the U.S. dairy and beef industries. Product sales to international customers, who are also in the dairy and beef industries, aggregated 10% and 16% of our total product sales for the three-month periods ended June 30, 2012 and 2011, respectively, and 16% and 17% of our total product sales for the six-month periods ended June 30, 2012 and 2011, respectively. Sales to significant customers that amounted to 10% or more of total product sales are detailed in the following table:

 

    For the Three-Month 
Periods Ended June 30,		     For the Six-Month
Periods Ended June 30,		  
    2012     2011     2012     2011  
Animal Health International, Inc. [ 1 ]     27 %     38 %     35 %     40 %
MWI Veterinary Supply Company [ 2 ]     11 %     12 %     13 %     13 %

 

[ 1 ] Assumes that the June 2011 acquisition of Animal Health International by Lextron had occurred as of the beginning of the periods being reported.

[ 2 ] Assumes that the March 2011 acquisition of Nelson Laboratories and the October 2011 acquisition of Micro Beef Technologies by MWI had occurred as of the beginning of the periods being reported.

 

Accounts receivable due from significant customers that amounted to 10% or more of total trade accounts receivable are detailed in the following table:

 

    As of 
June 30, 2012		     As of 
December 31, 2011		  
Animal Health International, Inc.     38 %     23 %
MWI Veterinary Supply Company     15 %     21 %
Robert J. Matthews Company     10 %     *  
Stearns Veterinary Outlet, Inc.     *       18 %

 

*Amount is less than 10%.