Quarterly report pursuant to Section 13 or 15(d)

Inventory

v3.4.0.3
Inventory
3 Months Ended
Apr. 02, 2016
Inventory Disclosure [Abstract]  
Inventory Disclosure [Text Block]
Inventories
 
Inventories, consisting principally of appliances, are stated at the lower of cost, determined on a specific identification basis, or market and consist of:
 
April 2,
2016
 
January 2,
2016
Appliances held for resale
$
15,114

 
$
16,360

Processed metals from recycled appliances held for resale
157

 
367

Other
6

 
6

 
$
15,277

 
$
16,733



We provide estimated provisions for the obsolescence of our appliance inventories, including adjustments to market, based on various factors, including the age of such inventory and our management’s assessment of the need for such provisions.  We look at historical inventory agings and margin analysis in determining our provision estimate.  A revised cost basis is used once a provision for obsolescence is recorded.