Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 6 Months Ended
Jun. 28, 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
 
Six Months Ended
 
June 28,
2014
 
June 29,
2013
 
June 28,
2014
 
June 29,
2013
Revenues:
 

 
 

 
 

 
 

Retail
$
17,692

 
$
18,111

 
$
34,629

 
$
36,432

Recycling
15,519

 
14,162

 
32,074

 
26,265

Total revenues
$
33,211

 
$
32,273

 
$
66,703

 
$
62,697

 
 
 
 
 
 
 
 
Operating income (loss):
 

 
 

 
 

 
 

Retail
$
(43
)
 
$
129

 
$
60

 
$
(53
)
Recycling
1,402

 
1,229

 
3,529

 
2,021

Unallocated corporate
(151
)
 
(158
)
 
(311
)
 
(343
)
Total operating income
$
1,208

 
$
1,200

 
$
3,278

 
$
1,625

 
 
 
 
 
 
 
 
Assets:
 

 
 

 
 

 
 

Retail
$
27,955

 
$
22,706

 
$
27,955

 
$
22,706

Recycling
13,223

 
13,410

 
13,223

 
13,410

Corporate assets not allocable
4,535

 
5,017

 
4,535

 
5,017

Total assets
$
45,713

 
$
41,133

 
$
45,713

 
$
41,133

 
 
 
 
 
 
 
 
Cash capital expenditures:
 

 
 

 
 

 
 

Retail
$
3

 
$
6

 
$
3

 
$
6

Recycling
80

 
10

 
84

 
12

Corporate assets not allocable
77

 
42

 
129

 
85

Total cash capital expenditures
$
160

 
$
58

 
$
216

 
$
103

 
 
 
 
 
 
 
 
Depreciation and amortization:
 

 
 

 
 

 
 

Retail
$
40

 
$
48

 
$
83

 
$
101

Recycling
220

 
201

 
430

 
395

Unallocated corporate
82

 
94

 
163

 
184

Total depreciation and amortization
$
342

 
$
343

 
$
676

 
$
680

 
 
 
 
 
 
 
 
Interest expense:
 

 
 

 
 

 
 

Retail
$
60

 
$
134

 
$
125

 
$
246

Recycling
89

 
115

 
181

 
206

Unallocated corporate
56

 
74

 
140

 
154

Total interest expense
$
205

 
$
323

 
$
446

 
$
606