Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.3.0.814
Segment Information
 9 Months Ended
Oct. 03, 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
 
Nine Months Ended
 
October 3,
2015
 
September 27,
2014
 
October 3,
2015
 
September 27,
2014
Revenues:
 

 
 

 
 

 
 

Retail
$
16,430

 
$
16,978

 
$
51,363

 
$
51,607

Recycling
11,699

 
16,249

 
34,468

 
47,561

Total revenues
$
28,129

 
$
33,227

 
$
85,831

 
$
99,168

 
 
 
 
 
 
 
 
Operating income (loss):
 

 
 

 
 

 
 

Retail
$
(200
)
 
$
(595
)
 
$
(836
)
 
$
(535
)
Recycling
(708
)
 
1,473

 
(1,065
)
 
4,240

Unallocated corporate
(200
)
 
(200
)
 
(585
)
 
(511
)
Total operating income (loss)
$
(1,108
)
 
$
678

 
$
(2,486
)
 
$
3,194

 
 
 
 
 
 
 
 
Cash capital expenditures:
 

 
 

 
 

 
 

Retail
$
34

 
$
2

 
$
72

 
$
5

Recycling
(4
)
 
44

 
43

 
128

Corporate assets not allocable
33

 
37

 
157

 
166

Total cash capital expenditures
$
63

 
$
83

 
$
272

 
$
299

 
 
 
 
 
 
 
 
Depreciation and amortization:
 

 
 

 
 

 
 

Retail
$
46

 
$
39

 
$
142

 
$
122

Recycling
216

 
223

 
652

 
653

Unallocated corporate
57

 
76

 
174

 
239

Total depreciation and amortization
$
319

 
$
338

 
$
968

 
$
1,014

 
 
 
 
 
 
 
 
Interest expense:
 

 
 

 
 

 
 

Retail
$
106

 
$
59

 
$
220

 
$
184

Recycling
117

 
112

 
445

 
336

Unallocated corporate
89

 
48

 
213

 
188

Total interest expense
$
312

 
$
219

 
$
878

 
$
708


 
 
 
 
 
As of
 
 
 
 
 
October 3,
2015
 
September 27,
2014
Assets:
 
 
 
 
 
 
 
Retail
 
 
 
 
$
17,172

 
$
16,709

Recycling
 
 
 
 
22,656

 
23,740

Corporate assets not allocable
 
 
 
 
8,122

 
6,706

Total assets
 
 
 
 
$
47,950

 
$
47,155