Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.1.9
Segment Information
 12 Months Ended
Jan. 03, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
 
We operate within targeted markets through two reportable segments: retail and recycling.  The retail segment is comprised of income generated through our ApplianceSmart stores, which includes appliance sales and byproduct revenues from collected appliances.  The recycling segment includes all fees charged and costs incurred for collecting, recycling and installing appliances for utilities and other customers. The recycling segment also includes byproduct revenue, which is primarily generated through the recycling of appliances and includes all revenues from AAP.  The nature of products, services and customers for both segments varies significantly.  As such, the segments are managed separately.  Our Chief Executive Officer has been identified as the Chief Operating Decision Maker (“CODM”).  The CODM evaluates performance and allocates resources based on sales and income from operations of each segment.  Income from operations represents revenues less cost of revenues and operating expenses, including certain allocated selling, general and administrative costs.  There are no inter-segment sales or transfers.

The increase in recycling segment revenues for the fiscal year ended January 3, 2015, presented in the following table was the result of an increase in revenues related to appliance replacement programs.

The following tables present our segment information for fiscal years 2014 and 2013:
 
For the fiscal years ended
 
January 3, 2015
 
December 28, 2013
 
 
 
(as restated)
Revenues:
 
 
 
Retail
$
68,023

 
$
69,642

Recycling
62,907

 
58,236

Total revenues
$
130,930

 
$
127,878

 
 
 
 
Operating income (loss):
 

 
 

Retail
$
(1,764
)
 
$
(1,064
)
Recycling
4,969

 
5,087

Unallocated corporate costs
(654
)
 
(627
)
Total operating income
$
2,551

 
$
3,396

 
 
 
 
Assets (as restated):
 
 
 

Retail
$
15,778

 
$
17,682

Recycling (as restated)
24,019

 
23,504

Corporate assets not allocable
7,163

 
5,077

Total assets (as restated)
$
46,960

 
$
46,263

 
 
 
 
Cash capital expenditures:
 

 
 

Retail
$
443

 
$
11

Recycling
132

 
354

Corporate
243

 
136

Total cash capital expenditures
$
818

 
$
501

 
 
 
 
Depreciation and amortization expense:
 

 
 

Retail
$
164

 
$
191

Recycling
886

 
815

Corporate
305

 
363

Total depreciation and amortization expense
$
1,355

 
$
1,369

 
 
 
 
Interest expense:
 
 
 

Retail
$
240

 
$
494

Recycling
466

 
481

Corporate
290

 
280

Total interest expense
$
996

 
$
1,255