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15. 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. 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 sales 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 fiscal years 2011 and 2010:
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|
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For the fiscal year ended
|
|
|
|
|
December 31,
2011
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|
January 1,
2011
|
|
|
Revenues:
|
|
|
|
|
|
|
Retail
|
|
$
|
74,478
|
|
$
|
72,828
|
|
|
Recycling
|
|
52,191
|
|
35,334
|
|
|
Total revenues
|
|
$
|
126,669
|
|
$
|
108,162
|
|
|
|
|
|
|
|
|
|
Operating income (loss):
|
|
|
|
|
|
|
Retail
|
|
$
|
(241
|
)
|
$
|
(806
|
)
|
|
Recycling
|
|
6,926
|
|
3,715
|
|
|
Unallocated corporate costs
|
|
559
|
|
160
|
|
|
Total operating income
|
|
$
|
7,244
|
|
$
|
3,069
|
|
|
|
|
|
|
|
|
|
Assets:
|
|
|
|
|
|
|
Retail
|
|
$
|
20,100
|
|
$
|
15,952
|
|
|
Recycling
|
|
20,537
|
|
16,499
|
|
|
Corporate assets not allocable
|
|
6,172
|
|
7,413
|
|
|
Total assets
|
|
$
|
46,809
|
|
$
|
39,864
|
|
|
|
|
|
|
|
|
|
Cash capital expenditures:
|
|
|
|
|
|
|
Retail
|
|
$
|
181
|
|
$
|
66
|
|
|
Recycling
|
|
1,335
|
|
5,367
|
|
|
Corporate
|
|
241
|
|
194
|
|
|
Total cash capital expenditures
|
|
$
|
1,757
|
|
$
|
5,627
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization expense:
|
|
|
|
|
|
|
Retail
|
|
$
|
331
|
|
$
|
390
|
|
|
Recycling
|
|
524
|
|
475
|
|
|
Corporate
|
|
448
|
|
537
|
|
|
Total depreciation and amortization expense
|
|
$
|
1,303
|
|
$
|
1,402
|
|
|
|
|
|
|
|
|
|
Interest expense:
|
|
|
|
|
|
|
Retail
|
|
$
|
299
|
|
$
|
755
|
|
|
Recycling
|
|
589
|
|
241
|
|
|
Corporate
|
|
250
|
|
53
|
|
|
Total interest expense
|
|
$
|
1,138
|
|
$
|
1,049
|
|
|