Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 9 Months Ended
Sep. 27, 2014
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 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
Revenues:
 

 
 

 
 

 
 

Retail
$
16,975

 
$
17,300

 
$
51,603

 
$
53,732

Recycling
16,657

 
16,238

 
48,732

 
42,503

Total revenues
$
33,632

 
$
33,538

 
$
100,335

 
$
96,235

 
 
 
 
 
 
 
 
Operating income (loss):
 

 
 

 
 

 
 

Retail
$
(595
)
 
$
(163
)
 
$
(535
)
 
$
(216
)
Recycling
1,878

 
2,172

 
5,407

 
4,193

Unallocated corporate
(200
)
 
(207
)
 
(511
)
 
(550
)
Total operating income
$
1,083

 
$
1,802

 
$
4,361

 
$
3,427

 
 
 
 
 
 
 
 
Assets:
 

 
 

 
 

 
 

Retail
$
16,709

 
$
15,675

 
$
16,709

 
$
15,675

Recycling
23,740

 
22,904

 
23,740

 
22,904

Corporate assets not allocable
4,929

 
4,519

 
4,929

 
4,519

Total assets
$
45,378

 
$
43,098

 
$
45,378

 
$
43,098

 
 
 
 
 
 
 
 
Cash capital expenditures:
 

 
 

 
 

 
 

Retail
$
2

 
$
5

 
$
5

 
$
11

Recycling
44

 
244

 
128

 
256

Corporate assets not allocable
37

 
5

 
166

 
90

Total cash capital expenditures
$
83

 
$
254

 
$
299

 
$
357

 
 
 
 
 
 
 
 
Depreciation and amortization:
 

 
 

 
 

 
 

Retail
$
39

 
$
45

 
$
122

 
$
146

Recycling
223

 
203

 
653

 
598

Unallocated corporate
76

 
89

 
239

 
273

Total depreciation and amortization
$
338

 
$
337

 
$
1,014

 
$
1,017

 
 
 
 
 
 
 
 
Interest expense:
 

 
 

 
 

 
 

Retail
$
59

 
$
134

 
$
184

 
$
380

Recycling
87

 
115

 
268

 
321

Unallocated corporate
48

 
72

 
188

 
226

Total interest expense
$
194

 
$
321

 
$
640

 
$
927