Quarterly report pursuant to Section 13 or 15(d)

2. Inventories

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2. Inventories
 6 Months Ended
Jul. 02, 2016
Inventory Disclosure [Abstract]  
2. Inventories

Inventories, consisting principally of appliances, are stated at the lower of cost, determined on a specific identification basis, or market and consist of:

 

    July 2, 2016     January 2, 2016  
Appliances held for resale   $ 15,666     $ 16,360  
Processed metals from recycled appliances held for resale     260       367  
Other     6       6  
    $ 15,932     $ 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.