Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.2.0.727
Segment Information
 6 Months Ended
Jul. 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
 
Six Months Ended
 
July 4,
2015
 
June 28,
2014
 
July 4,
2015
 
June 28,
2014
Revenues:
 

 
 

 
 

 
 

Retail
$
17,713

 
$
17,692

 
$
34,933

 
$
34,629

Recycling
12,451

 
15,141

 
22,769

 
31,312

Total revenues
$
30,164

 
$
32,833

 
$
57,702

 
$
65,941

 
 
 
 
 
 
 
 
Operating income (loss):
 

 
 

 
 

 
 

Retail
$
(20
)
 
$
(43
)
 
$
(636
)
 
$
60

Recycling
820

 
1,024

 
(357
)
 
2,767

Unallocated corporate
(178
)
 
(151
)
 
(385
)
 
(311
)
Total operating income (loss)
$
622

 
$
830

 
$
(1,378
)
 
$
2,516

 
 
 
 
 
 
 
 
Cash capital expenditures:
 

 
 

 
 

 
 

Retail
$
9

 
$
3

 
$
38

 
$
3

Recycling
32

 
80

 
47

 
84

Corporate assets not allocable
86

 
77

 
124

 
129

Total cash capital expenditures
$
127

 
$
160

 
$
209

 
$
216

 
 
 
 
 
 
 
 
Depreciation and amortization:
 

 
 

 
 

 
 

Retail
$
47

 
$
40

 
$
96

 
$
83

Recycling
217

 
220

 
436

 
430

Unallocated corporate
54

 
82

 
116

 
163

Total depreciation and amortization
$
318

 
$
342

 
$
648

 
$
676

 
 
 
 
 
 
 
 
Interest expense:
 

 
 

 
 

 
 

Retail
$
60

 
$
60

 
$
114

 
$
125

Recycling
130

 
112

 
329

 
224

Unallocated corporate
56

 
56

 
124

 
140

Total interest expense
$
246

 
$
228

 
$
567

 
$
489


 
 
 
 
 
As of
 
 
 
 
 
July 4,
2015
 
June 28,
2014
Assets:
 
 
 
 
 
 
 
Retail
 
 
 
 
$
17,414

 
$
27,955

Recycling
 
 
 
 
21,387

 
14,614

Corporate assets not allocable
 
 
 
 
7,851

 
4,535

Total assets
 
 
 
 
$
46,652

 
$
47,104