Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.8
Segment Information
 6 Months Ended
Jun. 29, 2013
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 Chief Executive Officer has 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
 
Six Months Ended
 
June 29,
2013
 
June 30,
2012
 
June 29,
2013
 
June 30,
2012
Revenues:
 

 
 

 
 

 
 

Retail
$
18,111

 
$
19,273

 
$
36,432

 
$
39,344

Recycling
14,162

 
10,270

 
26,265

 
19,643

Total revenues
$
32,273

 
$
29,543

 
$
62,697

 
$
58,987

 
 
 
 
 
 
 
 
Operating income (loss):
 

 
 

 
 

 
 

Retail
$
129

 
$
(559
)
 
$
(53
)
 
$
(458
)
Recycling
1,229

 
436

 
2,021

 
401

Unallocated corporate
(158
)
 
(70
)
 
(343
)
 
(52
)
Total operating income (loss)
$
1,200

 
$
(193
)
 
$
1,625

 
$
(109
)
 
 
 
 
 
 
 
 
Assets:
 

 
 

 
 

 
 

Retail
$
22,706

 
$
22,399

 
$
22,706

 
$
22,399

Recycling
13,410

 
19,699

 
13,410

 
19,699

Corporate assets not allocable
5,017

 
6,471

 
5,017

 
6,471

Total assets
$
41,133

 
$
48,569

 
$
41,133

 
$
48,569

 
 
 
 
 
 
 
 
Cash capital expenditures:
 

 
 

 
 

 
 

Retail
$
6

 
$
131

 
$
6

 
$
170

Recycling
10

 
152

 
12

 
202

Corporate assets not allocable
42

 
(8
)
 
85

 
253

Total cash capital expenditures
$
58

 
$
275

 
$
103

 
$
625

 
 
 
 
 
 
 
 
Depreciation and amortization:
 

 
 

 
 

 
 

Retail
$
48

 
$
54

 
$
101

 
$
112

Recycling
201

 
155

 
395

 
299

Unallocated corporate
94

 
97

 
184

 
198

Total depreciation and amortization
$
343

 
$
306

 
$
680

 
$
609

 
 
 
 
 
 
 
 
Interest expense:
 

 
 

 
 

 
 

Retail
$
134

 
$
98

 
$
246

 
$
178

Recycling
115

 
118

 
206

 
240

Unallocated corporate
74

 
64

 
154

 
117

Total interest expense
$
323

 
$
280

 
$
606

 
$
535