Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 3 Months Ended
Mar. 30, 2013
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
 
March 30,
2013
 
March 31,
2012
Revenues:
 

 
 

Retail
$
18,321

 
$
20,071

Recycling
12,103

 
9,373

Total revenues
$
30,424

 
$
29,444

 
 
 
 
Operating income:
 

 
 

Retail
$
(182
)
 
$
102

Recycling
792

 
(37
)
Unallocated corporate
(185
)
 
19

Total operating income
$
425

 
$
84

 
 
 
 
Assets:
 

 
 

Retail
$
19,227

 
$
21,773

Recycling
15,010

 
18,998

Corporate assets not allocable
5,967

 
6,447

Total assets
$
40,204

 
$
47,218

 
 
 
 
Cash capital expenditures:
 

 
 

Retail
$
—

 
$
39

Recycling
2

 
50

Corporate assets not allocable
43

 
261

Total cash capital expenditures
$
45

 
$
350

 
 
 
 
Depreciation and amortization:
 

 
 

Retail
$
53

 
$
57

Recycling
194

 
144

Unallocated corporate
90

 
102

Total depreciation and amortization
$
337

 
$
303

 
 
 
 
Interest expense:
 

 
 

Retail
$
112

 
$
81

Recycling
91

 
121

Unallocated corporate
80

 
53

Total interest expense
$
283

 
$
255