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Segment and Significant Customer Information
 3 Months Ended
Mar. 31, 2015
Segment and Significant Customer Information [Abstract]  
SEGMENT AND SIGNIFICANT CUSTOMER INFORMATION

13.         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% and 79% for the three-month periods ended March 31, 2015 and 2014, 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 16% and 14% of our total product sales for the three-month periods ended March 31, 2015 and 2014, respectively. Sales to significant customers that amounted to 10% or more of total product sales are detailed in the following table:

 

  Three-Month Periods Ended March 31, 
  2015   2014 
Animal Health International, Inc.(1)  42%  38%
MWI Veterinary Supply Company(2)  26%  23%

 

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

 

  As of 
March 31, 2015		  As of
December 31, 2014		 
Animal Health International, Inc.(1)  40%  45%
MWI Veterinary Supply Company(2)  28%  26%

 

(1) During May 2015, Patterson Companies, Inc. (NASDAQ: PDCO) announced its intent to aquire Animal Health International, Inc.

 

(2) During March 2015, AmerisourceBergen Corporation (NYSE: ABC) acquired MWI Veterinary Supply Company.