Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 9 Months Ended
Sep. 28, 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
 
Nine Months Ended
 
September 28,
2013
 
September 29,
2012
 
September 28,
2013
 
September 29,
2012
Revenues:
 

 
 

 
 

 
 

Retail
$
17,300

 
$
17,572

 
$
53,732

 
$
56,915

Recycling
16,238

 
11,156

 
42,503

 
30,800

Total revenues
$
33,538

 
$
28,728

 
$
96,235

 
$
87,715

 
 
 
 
 
 
 
 
Operating income (loss):
 

 
 

 
 

 
 

Retail
$
(163
)
 
$
(961
)
 
$
(216
)
 
$
(1,419
)
Recycling
2,172

 
194

 
4,193

 
595

Unallocated corporate
(207
)
 
33

 
(550
)
 
(19
)
Total operating income (loss)
$
1,802

 
$
(734
)
 
$
3,427

 
$
(843
)
 
 
 
 
 
 
 
 
Assets:
 

 
 

 
 

 
 

Retail
$
15,675

 
$
21,588

 
$
15,675

 
$
21,588

Recycling
22,904

 
20,319

 
22,904

 
20,319

Corporate assets not allocable
4,519

 
5,700

 
4,519

 
5,700

Total assets
$
43,098

 
$
47,607

 
$
43,098

 
$
47,607

 
 
 
 
 
 
 
 
Cash capital expenditures:
 

 
 

 
 

 
 

Retail
$
5

 
$
52

 
$
11

 
$
222

Recycling
244

 
30

 
256

 
232

Corporate assets not allocable
5

 
35

 
90

 
288

Total cash capital expenditures
$
254

 
$
117

 
$
357

 
$
742

 
 
 
 
 
 
 
 
Depreciation and amortization:
 

 
 

 
 

 
 

Retail
$
45

 
$
58

 
$
146

 
$
170

Recycling
203

 
145

 
598

 
444

Unallocated corporate
89

 
95

 
273

 
293

Total depreciation and amortization
$
337

 
$
298

 
$
1,017

 
$
907

 
 
 
 
 
 
 
 
Interest expense:
 

 
 

 
 

 
 

Retail
$
134

 
$
105

 
$
380

 
$
284

Recycling
115

 
115

 
321

 
354

Unallocated corporate
72

 
81

 
226

 
198

Total interest expense
$
321

 
$
301

 
$
927

 
$
836