XML 64 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 16 - Segment Information
 12 Months Ended
Dec. 28, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

(16)

Segment Information


The Company’s operations are conducted through three operating segments consisting of retail, international franchising, and commercial. 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, temporary stores and non-traditional store locations. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe, Asia, Australia, Africa, the Middle East and Mexico. The commercial segment has been established to market the naming and branding rights of the Company’s intellectual properties for third party use. 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 reporting segments (in thousands):


           

International

                 
   

Retail

   

Franchising

   

Commercial

   

Total

 

Fiscal 2013

                               
Net sales to external customers   $ 373,173     $ 3,564     $ 2,332     $ 379,069  
Net income (loss) before income taxes     (5,028 )     2,018       892       (2,118 )
Capital expenditures     19,178       184       -       19,362  
Depreciation and amortization     19,016       200       -       19,216  

Fiscal 2012

                               
Net sales to external customers   $ 374,553     $ 3,598     $ 2,790     $ 380,941  
Net income (loss) before income taxes     (49,215 )     1,993       (1,207 )     (48,429 )
Capital expenditures     17,116       152       -       17,268  
Depreciation and amortization     21,243       179       -       21,422  

Fiscal 2011

                               
Net sales to external customers   $ 387,041     $ 3,391     $ 3,943     $ 394,375  
Net income (loss) before income taxes     (6,553 )     1,961       1,940       (2,652 )
Capital expenditures     12,137       111       -       12,248  
Depreciation and amortization     23,992       240       -       24,232  
                                 

Total Assets as of:

                               
December 28, 2013   $ 185,943     $ 2,712     $ 5,987     $ 194,642  
December 29, 2012   $ 182,186     $ 2,818     $ 7,098     $ 192,102  

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. Revenues are recognized in the 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

 

Fiscal 2013

                               
Net sales to external customers   $ 302,216     $ 75,133     $ 1,720     $ 379,069  
Property and equipment, net     62,152       8,011       -       70,163  

Fiscal 2012

                               
Net sales to external customers   $ 306,049     $ 72,788     $ 2,104     $ 380,941  
Property and equipment, net     61,995       9,464       -       71,459  

Fiscal 2011

                               
Net sales to external customers   $ 316,853     $ 75,469     $ 2,053     $ 394,375  
Property and equipment, net     65,902       11,543       -       77,445  

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, franchise businesses in Europe


(3)

Other includes franchise businesses outside of North America and Europe