XML 62 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT AND SIGNIFICANT CUSTOMER INFORMATION
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
13.
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 animal health and productivity in 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 (79% and 82% for the three-month periods ended March 31, 2014 and 2013, 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 14% and 17% of our total product sales for the three-month periods ended March 31, 2014 and 2013, respectively. The percentage of our total sales that were made 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 March 31,
 
 
 
2014
 
 
2013
 
Animal Health International, Inc.
 
 
38
%
 
 
38
%
MWI Veterinary Supply Company(1)
 
 
23
%
 
 
24
%
 
(1) Assumes the acquisition of IVESCO by MWI Veterinary Supply Company (which closed as of November 1, 2013) had closed as of January 1, 2013.
 
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
March 31, 2014
 
As of
December 31, 2013
 
Animal Health International, Inc.
 
 
35
%
 
 
39
%
MWI Veterinary Supply Company
 
 
31
%
 
 
26
%
Robert J. Matthews Company
 
 
10
%
 
 
10
%