Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 3 Months Ended
Apr. 04, 2015
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
 
April 4,
2015
 
March 29,
2014
Revenues:
 

 
 

Retail
$
17,220

 
$
16,937

Recycling
10,318

 
16,171

Total revenues
$
27,538

 
$
33,108

 
 
 
 
Operating income (loss):
 

 
 

Retail
$
(616
)
 
$
103

Recycling
(1,177
)
 
1,743

Unallocated corporate
(207
)
 
(160
)
Total operating income (loss)
$
(2,000
)
 
$
1,686

 
 
 
 
Assets:
 

 
 

Retail
$
15,741

 
$
22,707

Recycling
21,985

 
17,230

Corporate assets not allocable
7,678

 
6,154

Total assets
$
45,404

 
$
46,091

 
 
 
 
Cash capital expenditures:
 

 
 

Retail
$
29

 
$
—

Recycling
15

 
4

Corporate assets not allocable
38

 
52

Total cash capital expenditures
$
82

 
$
56

 
 
 
 
Depreciation and amortization:
 

 
 

Retail
$
49

 
$
43

Recycling
219

 
210

Unallocated corporate
62

 
81

Total depreciation and amortization
$
330

 
$
334

 
 
 
 
Interest expense:
 

 
 

Retail
$
54

 
$
65

Recycling
199

 
92

Unallocated corporate
68

 
84

Total interest expense
$
321

 
$
241