XML 33 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Segment Information
 9 Months Ended
Sep. 29, 2012
Segment Reporting Disclosure [Text Block]
7. Segment Information

The Company’s operations are conducted through three operating segments consisting of retail, commercial and international franchising.  The retail segment includes the operating activities of company-owned stores in the United States, Canada, the United Kingdom and Ireland and other retail delivery operations, including the Company’s web store, pop-up stores and non-traditional store locations such as baseball parks.  The commercial segment includes the Company’s transactions with other businesses, mainly comprised of licensing the Company’s intellectual properties for third party use and wholesale activities.  The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe, outside of the United Kingdom and Ireland, Asia, Australia, the Middle East, Africa, Mexico and South America.  The operating segments have discrete sources of revenue, different capital structures and different cost structures.  These operating segments represent the basis on which the Company’s chief operating decision maker regularly evaluates the business in assessing performance, determining the allocation of resources and the pursuit of future growth opportunities.  Accordingly, the Company has determined that each of its operating segments represent one reportable segment.  The reportable segments follow the same accounting policies used for the Company’s consolidated financial statements.

Following is a summary of the financial information for the Company’s reportable segments (in thousands):

   
Retail
   
Commercial
   
International
Franchising
   
Total
 
Thirteen weeks ended September 29, 2012
                       
Net sales to external customers   $ 84,263     $ 908     $ 800     $ 85,971  
Income (loss) before income taxes     (5,254 )     453       348       (4,453 )
Capital expenditures, net     5,063       -       40       5,103  
Depreciation and amortization     5,152       -       44       5,196  
Thirteen weeks ended October 1, 2011
                               
Net sales to external customers   $ 95,378     $ 1,160     $ 872     $ 97,410  
Income (loss) before income taxes     806       545       514       1,865  
Capital expenditures, net     3,745       -       14       3,759  
Depreciation and amortization     5,822       -       62       5,884  
                                 
Thirty-nine weeks ended September 29, 2012
                         
Net sales to external customers   $ 258,452     $ 1,989     $ 2,313     $ 262,754  
Income (loss) before income taxes     (15,692 )     688       1,112       (13,892 )
Capital expenditures, net     13,320       -       87       13,407  
Depreciation and amortization     15,699       -       133       15,832  
Thirty-nine weeks ended October 1, 2011
                               
Net sales to external customers   $ 269,929     $ 3,002     $ 2,312     $ 275,243  
Income (loss) before income taxes     (15,014 )     1,356       1,208       (12,450 )
Capital expenditures, net     9,819       -       77       9,896  
Depreciation and amortization     18,426       -       188       18,614  
                                 
Total Assets as of:
                               
September 29, 2012   $ 199,612     $ 9,149     $ 2,404     $ 211,165  
October 1, 2011   $ 230,074     $ 9,695     $ 2,794     $ 242,563  

The Company’s reportable segments are primarily determined by the types of products and services that they offer.  Each reportable segment may operate in many geographic areas. The Company allocates revenues to geographic areas based on the location of the customer or franchisee. The following schedule is a summary of the Company’s sales to external customers and long-lived assets by geographic area (in thousands):

   
North
America (1)
   
Europe (2)
   
Other (3)
   
Total
 
Thirteen weeks ended September 29, 2012
                       
Net sales to external customers
  $ 68,545     $ 16,951     $ 475     $ 85,971  
Property and equipment, net
    62,644       11,110       -       73,754  
Thirteen weeks ended October 1, 2011
                               
Net sales to external customers
  $ 79,016     $ 17,863     $ 531     $ 97,410  
Property and equipment, net
    67,527       11,438       -       78,965  
                                 
Thirty-nine weeks ended September 29, 2012
                         
Net sales to external customers
  $ 214,157     $ 47,236     $ 1,361       262,754  
Property and equipment, net
    62,644       11,110       -       73,754  
Thirty-nine weeks ended October 1, 2011
                               
Net sales to external customers
  $ 225,696     $ 48,086     $ 1,461     $ 275,243  
Property and equipment, net
    67,527       11,438       -       78,965  

For purposes of this table only:

(1)  North America includes the United States, Canada, Puerto Rico and franchise business in Mexico

(2)  Europe includes the United Kingdom, Ireland and franchise businesses in Europe

(3)  Other includes franchise businesses outside of North America and Europe