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Note 9 - Segment Information
 9 Months Ended
Sep. 28, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

9. 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 28, 2013

                               

Net sales to external customers

  $ 83,580     $ 451     $ 781     $ 84,812  

Income (loss) before income taxes

    (1,817 )     277       396       (1,144 )

Capital expenditures, net

    5,657       -       20       5,677  

Depreciation and amortization

    4,677       -       45       4,722  
                                 

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  
                                 

Thirty-nine weeks ended September 28, 2013

                               

Net sales to external customers

  $ 266,906     $ 1,674     $ 2,399     $ 270,979  

Income (loss) before income taxes

    (8,695 )     902       646       (7,147 )

Capital expenditures, net

    14,600       -       93       14,693  

Depreciation and amortization

    14,263       -       136       14,399  
                                 

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  
                                 

Total Assets as of:

                               

September 28, 2013

  $ 159,529     $ 6,370     $ 3,118     $ 169,017  

September 29, 2012

  $ 199,612     $ 9,149     $ 2,404     $ 211,165  

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 28, 2013

                               

Net sales to external customers

  $ 66,870     $ 17,484     $ 458     $ 84,812  

Property and equipment, net

    61,341       8,221       -       69,562  

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  
                                 

Thirty-nine weeks ended September 28, 2013

                               

Net sales to external customers

  $ 219,776     $ 49,820     $ 1,383       270,979  

Property and equipment, net

    61,341       8,221       -       69,562  

Thirteen 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  

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