XML 63 R24.htm IDEA: XBRL DOCUMENT
v2.4.0.8

SEGMENT INFORMATION | 12 Months Ended
--- | ---
Dec. 31, 2013
SEGMENT INFORMATION |
SEGMENT INFORMATION | 16. SEGMENT INFORMATION The Company has two reportable segments, namely Direct Store Delivery (“DSD”), whose principal products comprise energy drinks, and Warehouse (“Warehouse”), whose principal products comprise juice based and soda beverages. The DSD segment develops, markets and sells products primarily through an exclusive distributor network, whereas the Warehouse segment develops, markets and sells products primarily direct to retailers. Corporate and unallocated amounts that do not relate to DSD or Warehouse segments specifically have been allocated to “Corporate & Unallocated.” No asset information has been provided for the Company’s reportable segments as management does not measure or allocate assets on a segment basis. The net revenues derived from DSD and Warehouse segments and other financial information related thereto for the years ended December 31, 2013, 2012 and 2011 are as follows:
|  | Year Ended December 31, 2013 |
|  | DSD |  | Warehouse |  | Corporate and Unallocated |  | Total |
Net sales |  | $ | 2,147,355 |  | $ | 99,073 |  | $ | - |  | $ | 2,246,428 |
Contribution margin |  | 726,826 |  | (1,652 | ) | - |  | 725,174 |
Corporate & unallocated expenses |  | - |  | - |  | (152,258 | ) | (152,258 | )
Operating income |  |  |  |  |  |  |  | 572,916 |
Interest and other income, net |  | 755 |  | (2 | ) | (9,775 | ) | (9,022 | )
Income before provision for income taxes |  |  |  |  |  |  |  | 563,894 |
Depreciation & amortization |  | (19,023 | ) | (244 | ) | (3,446 | ) | (22,713 | )
Trademark amortization |  | - |  | (44 | ) | (5 | ) | (49 | )
|  | Year Ended December 31, 2012 |
|  | DSD |  | Warehouse |  | Corporate and Unallocated |  | Total |
Net sales |  | $ | 1,966,481 |  | $ | 94,221 |  | $ | - |  | $ | 2,060,702 |
Contribution margin |  | 660,607 |  | 3,496 |  | - |  | 664,103 |
Corporate & unallocated expenses |  | - |  | - |  | (113,480 | ) | (113,480 | )
Operating income |  |  |  |  |  |  |  | 550,623 |
Interest and other income, net |  | 494 |  | (2 | ) | (1,961 | ) | (1,469 | )
Income before provision for income taxes |  |  |  |  |  |  |  | 549,154 |
Depreciation & amortization |  | (15,660 | ) | (139 | ) | (4,714 | ) | (20,513 | )
Trademark amortization |  | - |  | (44 | ) | (5 | ) | (49 | )
|  | Year Ended December 31, 2011 |
|  | DSD |  | Warehouse |  | Corporate and Unallocated |  | Total |
Net sales |  | $ | 1,608,326 |  | $ | 94,904 |  | $ | - |  | $ | 1,703,230 |
Contribution margin |  | 543,210 |  | 4,291 |  | - |  | 547,501 |
Corporate & unallocated expenses |  | - |  | - |  | (91,078 | ) | (91,078 | )
Operating income |  |  |  |  |  |  |  | 456,423 |
Interest and other income, net |  | (12 | ) | (1 | ) | 860 |  | 847 |
Income before provision for income taxes |  |  |  |  |  |  |  | 457,270 |
Depreciation & amortization |  | (12,684 | ) | (87 | ) | (4,261 | ) | (17,032 | )
Trademark amortization |  | - |  | (44 | ) | (8 | ) | (52 | )
Revenue is derived from sales to external customers. Operating expenses that pertain to each segment are allocated to the appropriate segment. Corporate and unallocated expenses were $152.3 million for the year ended December 31, 2013 and included $82.5 million of payroll costs, of which $28.8 million was attributable to stock-based compensation expense (see Note 12, “Stock-Based Compensation”), and $38.7 million was attributable to professional service expenses, including accounting and legal costs, and $31.1 million of other operating expenses. Corporate and unallocated expenses were $113.5 million for the year ended December 31, 2012 and included $73.0 million of payroll costs, of which $28.4 million was attributable to stock-based compensation expense (see Note 12, “Stock-Based Compensation”), and $19.7 million was attributable to professional service expenses, including accounting and legal costs, $4.4 million of depreciation and $16.4 million of other operating expenses. Corporate and unallocated expenses were $91.1 million for the year ended December 31, 2011 and included $55.8 million of payroll costs, of which $19.4 million was attributable to stock-based compensation expense (see Note 12, “Stock-Based Compensation”), and $17.8 million was attributable to professional service expenses, including accounting and legal costs, $4.1 million of depreciation and $13.4 million of other operating expenses. CCR, a customer of the DSD segment, accounted for 29%, 28% and 29% of the Company’s net sales for the years ended December 31, 2013, 2012 and 2011, respectively. Net sales to customers outside the United States amounted to $467.2 million, $415.8 million and $300.9 million for the years ended December 31, 2013, 2012 and 2011, respectively. Such sales were approximately 20.8%, 20.2% and 17.7% of net sales for the years ended December 31, 2013, 2012 and 2011, respectively. The Company’s net sales by product line for years ended December 31, 2013, 2012 and 2011, respectively, were as follows:
Product Line |  | 2013 |  | 2012 |  | 2011 |
Energy drinks |  | $ | 2,082,238 |  | $ | 1,906,236 |  | $ | 1,563,331 |
Non-carbonated (primarily juice based beverages) |  | 120,145 |  | 110,217 |  | 94,398 |
Carbonated (primarily soda beverages) |  | 29,245 |  | 31,044 |  | 32,467 |
Other |  | 14,800 |  | 13,205 |  | 13,034 |
|  | $ | 2,246,428 |  | $ | 2,060,702 |  | $ | 1,703,230

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration