Quarterly report pursuant to Section 13 or 15(d)

Variable Interest Entity (Tables)

v2.4.0.6
Variable Interest Entity (Tables)
3 Months Ended
Mar. 30, 2013
Variable Interest Entity  
Summary of assets and liabilities
The following table summarizes the assets and liabilities of AAP as of March 30, 2013 and December 29, 2012:
 
March 30,
2013
 
December 29,
2012
Assets
 

 
 

Current assets
$
664

 
$
787

Property and equipment, net
8,952

 
9,109

Other assets
146

 
149

Total Assets
$
9,762

 
$
10,045

Liabilities
 

 
 

Accounts payable
$
719

 
$
826

Accrued expenses
261

 
204

Current maturities of long-term debt obligations
723

 
635

Long-term debt obligations, net of current maturities
4,307

 
4,437

Other liabilities (a)
669

 
749

Total Liabilities
$
6,679

 
$
6,851

 
(a)          Other liabilities represent loans between ARCA and AAP that are eliminated in consolidation.
Summary of operating results
The following table summarizes the operating results of AAP for the three months ended March 30, 2013 and March 31, 2012:
 
Three Months Ended
 
March 30,
2013
 
March 31,
2012
Revenues
$
2,577

 
$
2,720

Gross profit
316

 
522

Operating income (loss)
(53
)
 
65

Net loss
(110
)
 
(22
)