Quarterly report pursuant to Section 13 or 15(d)

2. Inventories

2. Inventories
9 Months Ended
Oct. 01, 2016
Inventory Disclosure [Abstract]  

The Company's inventories primarily consist of appliances, are stated at the lower of cost, determined on a specific identification basis, or market. Process metals include ferrous and non-ferrous scrap metals, and are valued at the lower of average purchased cost or market based on the specific scrap commodity.


    October 1, 2016     January 2, 2016  
Appliances held for resale   $ 16,139     $ 16,360  
Processed metals from recycled appliances held for resale     203       367  
Other     6       6  
    $ 16,348     $ 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 aging and margin analysis in determining our provision estimate. A revised cost basis is used once a provision for obsolescence is recorded.