Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.4.0.3
Segment Information
 3 Months Ended
Apr. 02, 2016
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 Interim Chief Executive Officer or Chief Executive Officer have 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 2,
2016
 
April 4,
2015
Revenues:
 
 

 
 

Retail
 
$
16,649

 
$
17,220

Recycling
 
8,696

 
10,318

Total revenues
 
$
25,345

 
$
27,538

 
 
 
 
 
Operating income (loss):
 
 

 
 

Retail
 
$
50

 
$
(616
)
Recycling
 
(763
)
 
(1,177
)
Unallocated corporate
 
(74
)
 
(207
)
Total operating income (loss)
 
$
(787
)
 
$
(2,000
)
 
 
 
 
 
Cash capital expenditures:
 
 

 
 

Retail
 
$
19

 
$
29

Recycling
 
67

 
15

Corporate assets not allocable
 
51

 
38

Total cash capital expenditures
 
$
137

 
$
82

 
 
 
 
 
Depreciation and amortization:
 
 

 
 

Retail
 
$
54

 
$
49

Recycling
 
235

 
219

Unallocated corporate
 
36

 
62

Total depreciation and amortization
 
$
325

 
$
330

 
 
 
 
 
Interest expense:
 
 

 
 

Retail
 
$
248

 
$
54

Recycling
 
35

 
199

Unallocated corporate
 
—

 
68

Total interest expense
 
$
283

 
$
321


 
 
 
 
 
As of
 
 
 
 
 
April 2,
2016
 
April 4,
2015
Assets:
 
 
 
 
 
 
 
Retail
 
 
 
 
$
17,031

 
$
15,741

Recycling
 
 
 
 
20,820

 
21,985

Corporate assets not allocable
 
 
 
 
7,163

 
7,678

Total assets
 
 
 
 
$
45,014

 
$
45,404