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Note 8 - Segment Information
 6 Months Ended
Jun. 29, 2013
Segment Reporting [Abstract]  
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 baseball stadiums. 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.  Each operating segments has discrete sources of revenue, different capital and 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 represents 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 June 29, 2013

                               

Net sales to external customers

  $ 80,395     $ 750     $ 757     $ 81,902  

Income (loss) before income taxes

    (6,805 )     390       302       (6,113 )

Capital expenditures, net

    5,164       -       45       5,209  

Depreciation and amortization

    4,715       -       46       4,761  
                                 

Thirteen weeks ended June 30, 2012

                               

Net sales to external customers

  $ 78,989     $ 705     $ 716     $ 80,410  

Income (loss) before income taxes

    (8,973 )     314       353       (8,306 )

Capital expenditures, net

    4,492       -       33       4,525  

Depreciation and amortization

    5,228       -       45       5,273  
                                 

Twenty-six weeks ended June 29, 2013

                               

Net sales to external customers

  $ 183,326     $ 1,223     $ 1,618     $ 186,167  

Income (loss) before income taxes

    (6,878 )     625       250       (6,003 )

Capital expenditures, net

    8,943       -       73       9,016  

Depreciation and amortization

    9,586       -       91       9,677  
                                 

Twenty-six weeks ended June 30, 2012

                               

Net sales to external customers

  $ 174,189     $ 1,081     $ 1,513     $ 176,783  

Income (loss) before income taxes

    (10,438 )     235       764       (9,439 )

Capital expenditures, net

    8,257       -       47       8,304  

Depreciation and amortization

    10,547       -       89       10,636  
                                 

Total Assets as of:

                               

June 29, 2013

  $ 159,111     $ 6,460     $ 3,016     $ 168,587  

June 30, 2012

  $ 193,660     $ 9,609     $ 2,678     $ 205,947  

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 June 29, 2013

                               

Net sales to external customers

  $ 66,701     $ 14,752     $ 449     $ 81,902  

Property and equipment, net

    60,042       8,231       -       68,273  

Thirteen weeks ended June 30, 2012

                               

Net sales to external customers

  $ 65,411     $ 14,575     $ 424     $ 80,410  

Property and equipment, net

    62,672       10,846       -       73,518  
                                 

Twenty-six weeks ended June 29, 2013

                               

Net sales to external customers

  $ 152,907     $ 32,335     $ 925     $ 186,167  

Property and equipment, net

    60,042       8,231       -       68,273  

Twenty-six weeks ended June 30, 2012

                               

Net sales to external customers

  $ 145,611     $ 30,285     $ 887     $ 176,783  

Property and equipment, net

    62,672       10,846       -       73,518  

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