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Segment and Significant Customer Information
 12 Months Ended
Dec. 31, 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 (83% for each of the years ended December 31, 2015, 2014 and 2013) 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%, 13% and 14% of our total product sales for the years ended December 31, 2015, 2014 and 2013, 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, 
  2015  2014  2013 
Animal Health International, Inc.(1)  42%  38%  38%
MWI Animal Health (2) (3)  20%  23%  22%

 

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, 
  2015  2014 
MWI Animal Health(2)  27%  26%
Animal Health International, Inc.(1)  26%  45%
ANIMART LLC(4)  11%  * 

 

(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.

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

(4)Assumes that the acquisition of Animal Medic by ANIMART LLC had occurred as of the beginning of the periods being reported.

 

*Amount is less than 10%.