Henry Schein 2012 Annual Report Download - page 102
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
(in thousands, except per share data)
92
Note 15 – Segment and Geographic Data
We conduct our business through two reportable segments: health care distribution and technology and value-
added services. These segments offer different products and services to the same customer base. The health care
distribution reportable segment aggregates our global dental, medical and animal health operating segments. This
segment consists of consumable products, small equipment, laboratory products, large equipment, equipment repair
services, branded and generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control
products and vitamins.
Our global dental group serves office-based dental practitioners, schools and other institutions. Our global
medical group serves office-based medical practitioners, ambulatory surgery centers, other alternate-care settings
and other institutions. Our global animal health group serves animal health practices and clinics. Our global
dental, medical and animal health groups serve practitioners in 25 countries worldwide.
Our global technology and value-added services group provides software, technology and other value-added
services to health care practitioners. Our technology group offerings include practice management software
systems for dental and medical practitioners and animal health clinics. Our value-added practice solutions include
financial services on a non-recourse basis, e-services and continuing education services for practitioners.
Beginning with the first quarter of 2012, we have reported net sales and prior-year sales comparisons for each
of our global dental, medical, animal health and global technology and value-added services business groups.
This sales reporting is consistent with our global business groups as realigned in 2012. These groups have been
formed to provide distinct organizational focus for reaching and serving each practitioner segment with the benefits
of a global perspective, as well as global product and service offerings and best practices.
We will continue to report financial results for our health care distribution and technology and value-added
services reportable segments. The health care distribution segment comprises three global operating segments
(dental, medical and animal health) and the technology and value-added services segment remains unchanged.
In connection with this change in business groups, goodwill was reallocated to the new reporting units. We
reviewed the newly allocated goodwill and determined that there was no impairment.
The following tables present information about our reportable and operating segments:
Years Ended
December 29, December 31, December 25,
2012 2011 2010
Net Sales:
Health care distribution (1):
Dental ....................................................................................... $ 4,774,482 $ 4,764,898 $ 4,415,469
Medical ..................................................................................... 1,560,921 1,504,454 1,373,999
Animal health ........................................................................... 2,321,151 2,010,270 1,537,370
Total health care distribution ............................................... 8,656,554 8,279,622 7,326,838
Technology and value-added services (2) ...................................... 283,413 250,620 199,952
Total ......................................................................................... $ 8,939,967 $ 8,530,242 $ 7,526,790
(1) Consists of consumable products, small equipment, laboratory products, large equipment, equipment repair services, branded and
generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins.
(2) Consists of practice management software and other value-added products, which are distributed primarily to health care providers,
and financial and other services, including e-services and continuing education services for practitioners.