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Segment and Significant Customer Information
 9 Months Ended
Sep. 30, 2015
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 (85% and 84% for the three-month periods ended September 30, 2015 and 2014, and 83% and 82% for the nine-month periods ended September 30, 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 6% and 11% of our total product sales for the three-month periods ended September 30, 2015 and 2014, respectively, and 13% for both of the nine-month periods ended September 30, 2015 and 2014. Sales to significant customers that amounted to 10% or more of total product sales are detailed in the following table:

 

  Three-Month Periods 
Ended September 30,		  Nine-Month Periods 
Ended September 30,		 
  2015  2014  2015  2014 
Animal Health International, Inc.(1)  39%  34%  41%  37%
MWI Animal Health(2)  22%  23%  21%  22%

 

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

 

  

As of

September 30, 2015

  As of
December 31, 2014		 
Animal Health International, Inc.(1)  37%  45%
MWI Animal Health(2)  25%  26%
TCS Biosciences, Ltd.  13%  * 

 

(1)During June 2015, Patterson Companies, Inc. (NASDAQ: PDCO) acquired Animal Health International, Inc.
(2)During March 2015, AmerisourceBergen Corporation (NYSE: ABC) acquired MWI Animal Health.

*Amount is less than 10%.