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Segment and Significant Customer Information
 3 Months Ended
Mar. 31, 2016
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 (89% and 83% for the three-month periods ended March 31, 2016 and 2015, 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 9% and 16% of our total product sales for the three-month periods ended March 31, 2016 and 2015, 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,		 
  2016  2015 
Animal Health International, Inc.(1)  37%  42%
MWI Animal Health(2)  21%  26%
Robert J. Matthews Company  10%  * 

 

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, 2016

  

As of

December 31, 2015

 
Animal Health International, Inc.(1)  35%  26%
MWI Animal Health(2)  20%  27%
ANIMART LLC(3)  *   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 acquisition of Animal Medic by ANIMART LLC had occurred as of the beginning of the periods being reported.

 

*Amount is less than 10%.