Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 9 Months Ended
Sep. 29, 2012
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 and includes byproduct revenue, which is primarily generated through the recycling of appliances. We have included the results from consolidating AAP in our recycling segment.  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 revenues 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 following tables present our segment information for periods indicated:

 
 
Three Months Ended
 
Nine Months Ended
 
 
September 29, 2012
 
October 1, 2011
 
September 29, 2012
 
October 1, 2011
Revenues:
 
 

 
 

 
 

 
 

Retail
 
$
17,572

 
$
19,185

 
$
56,915

 
$
57,613

Recycling
 
11,404

 
16,672

 
30,835

 
41,061

Total revenues
 
$
28,976

 
$
35,857

 
$
87,750

 
$
98,674

 
 
 
 
 
 
 
 
 
Operating income (loss):
 
 

 
 

 
 

 
 

Retail
 
$
(961
)
 
$
199

 
$
(1,419
)
 
$
483

Recycling
 
194

 
2,900

 
595

 
6,537

Unallocated corporate
 
33

 
(171
)
 
(19
)
 
(311
)
Total operating income (loss)
 
$
(734
)
 
$
2,928

 
$
(843
)
 
$
6,709

 
 
 
 
 
 
 
 
 
Assets:
 
 

 
 

 
 

 
 

Retail
 
$
21,588

 
$
20,155

 
$
21,588

 
$
20,155

Recycling
 
20,319

 
21,273

 
20,319

 
21,273

Corporate assets not allocable
 
5,700

 
7,771

 
5,700

 
7,771

Total assets
 
$
47,607

 
$
49,199

 
$
47,607

 
$
49,199

 
 
 
 
 
 
 
 
 
Cash capital expenditures:
 
 

 
 

 
 

 
 

Retail
 
$
52

 
$
32

 
$
222

 
$
74

Recycling
 
30

 
83

 
232

 
1,215

Corporate assets not allocable
 
35

 
99

 
288

 
241

Total cash capital expenditures
 
$
117

 
$
214

 
$
742

 
$
1,530

 
 
 
 
 
 
 
 
 
Depreciation and amortization:
 
 

 
 

 
 

 
 

Retail
 
$
58

 
$
78

 
$
170

 
$
259

Recycling
 
145

 
140

 
444

 
375

Unallocated corporate
 
95

 
96

 
293

 
347

Total depreciation and amortization
 
$
298

 
$
314

 
$
907

 
$
981

 
 
 
 
 
 
 
 
 
Interest expense:
 
 

 
 

 
 

 
 

Retail
 
$
105

 
$
70

 
$
284

 
$
233

Recycling
 
115

 
156

 
354

 
458

Unallocated corporate
 
81

 
53

 
198

 
193

Total interest expense
 
$
301

 
$
279

 
$
836

 
$
884