XML 74 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment And Significant Customer Information
 12 Months Ended
Dec. 31, 2014
Segment and Significant Customer Information [Abstract]  
SEGMENT AND SIGNIFICANT CUSTOMER INFORMATION
14.SEGMENT AND SIGNIFICANT CUSTOMER INFORMATION

 

We principally operate in the business segment described in Note 1. 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. The significant accounting policies of this segment are described in Note 2.

 

Our primary customers for the majority of our product sales (83%, 83% and 80% for the years ended December 31, 2014, 2013 and 2012, 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 13%, 14% and 16% of our total product sales for the years ended December 31, 2014, 2013 and 2012, respectively. Sales to significant customers that amounted to 10% or more of total product sales are detailed in the following table:

 

  Year Ended December 31, 
  2014  2013  2012 
Animal Health International, Inc.  38%  38%  35%
MWI Veterinary Supply Company(1)  23%  22%  20%

 

(1) Assumes that the November 2013 acquisition of IVESCO by MWI had occurred as of the beginning of the periods being reported.

 

Accounts receivable due from significant customers amounted to the percentages of total trade accounts receivable as detailed in the following table:

 

  As of December 31, 
  2014  2013 
Animal Health International, Inc.  45%  39%
MWI Veterinary Supply Company  26%  26%
Robert J. Matthews Company  *   10%

 

*Amount is less than 10%.