Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 3 Months Ended
Mar. 29, 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
 
March 29,
2014
 
March 30,
2013
Revenues:
 

 
 

Retail
$
16,937

 
$
18,321

Recycling
16,555

 
12,103

Total revenues
$
33,492

 
$
30,424

 
 
 
 
Operating income (loss):
 

 
 

Retail
$
103

 
$
(182
)
Recycling
2,127

 
792

Unallocated corporate
(160
)
 
(185
)
Total operating income
$
2,070

 
$
425

 
 
 
 
Assets:
 

 
 

Retail
$
22,707

 
$
19,227

Recycling
17,230

 
15,010

Corporate assets not allocable
4,709

 
5,967

Total assets
$
44,646

 
$
40,204

 
 
 
 
Cash capital expenditures:
 

 
 

Retail
$
—

 
$
—

Recycling
4

 
2

Corporate assets not allocable
52

 
43

Total cash capital expenditures
$
56

 
$
45

 
 
 
 
Depreciation and amortization:
 

 
 

Retail
$
43

 
$
53

Recycling
210

 
194

Unallocated corporate
81

 
90

Total depreciation and amortization
$
334

 
$
337

 
 
 
 
Interest expense:
 

 
 

Retail
$
65

 
$
112

Recycling
92

 
91

Unallocated corporate
84

 
80

Total interest expense
$
241

 
$
283