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Note 8 - Segment Information
 3 Months Ended
Mar. 30, 2013
Segment Reporting Disclosure [Text Block]
8. 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 a baseball park.  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 March 30, 2013                        
Net sales to external customers
  $ 102,931     $ 473     $ 861     $ 104,265  
Income (loss) before income taxes
    (72 )     235       (53 )     110  
Capital expenditures, net
    3,778       -       29       3,807  
Depreciation and amortization
    4,871       -       45       4,916  
Thirteen Weeks ended March 31, 2012                                
Net sales to external customers
  $ 95,200     $ 376     $ 797     $ 96,373  
Income (loss) before income taxes
    (1,465 )     (79 )     411       (1,133 )
Capital expenditures, net
    3,764       -       15       3,779  
Depreciation and amortization
    5,319       -       43       5,362  
                                 
Total Assets as of:                                
March 30, 2013
  $ 160,404     $ 7,173     $ 2,296     $ 169,873  
March 31, 2012
  $ 203,491     $ 9,522     $ 2,499     $ 215,512  

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 March 30, 2013
                       
Net sales to external customers
  $ 86,206     $ 17,584     $ 475     $ 104,265  
Property and equipment, net
    59,375       8,673       -       68,048  
Thirteen weeks ended March 31, 2012
                               
Net sales to external customers
  $ 80,200     $ 15,710     $ 463     $ 96,373  
Property and equipment, net
    63,364       11,407       -       74,771  

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