Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.0.6
Segment Information
 12 Months Ended
Dec. 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.  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 following tables present our segment information for fiscal years 2012 and 2011:
 
For the fiscal year ended
 
December 29, 2012
 
December 31, 2011
Revenues:
 
 
 
Retail
$
72,360

 
$
74,478

Recycling
41,953

 
52,191

Total revenues
$
114,313

 
$
126,669

 
 
 
 
Operating income (loss):
 

 
 

Retail
$
(2,645
)
 
$
(241
)
Recycling
(241
)
 
6,926

Unallocated corporate costs
(336
)
 
559

Total operating income (loss)
$
(3,222
)
 
$
7,244

 
 
 
 
Assets:
 
 
 

Retail
$
18,476

 
$
20,100

Recycling
18,658

 
20,537

Corporate assets not allocable
4,670

 
6,172

Total assets
$
41,804

 
$
46,809

 
 
 
 
Cash capital expenditures:
 

 
 

Retail
$
228

 
$
181

Recycling
332

 
1,335

Corporate
258

 
241

Total cash capital expenditures
$
818

 
$
1,757

 
 
 
 
Depreciation and amortization expense:
 

 
 

Retail
$
226

 
$
331

Recycling
609

 
524

Corporate
386

 
448

Total depreciation and amortization expense
$
1,221

 
$
1,303

 
 
 
 
Interest expense:
 
 
 

Retail
$
377

 
$
299

Recycling
468

 
589

Corporate
298

 
250

Total interest expense
$
1,143

 
$
1,138