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Note 9 - Segment Information
 9 Months Ended
Sep. 27, 2014
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

9. 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 store-commerce sites, pop-up stores and non-traditional store locations such as a baseball park. 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 and Mexico. 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 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):


           

International

                 
   

Retail

   

Franchising

   

Commercial

   

Total

 

Thirteen weeks ended September 27, 2014

                               

Net sales to external customers

  $ 85,561     $ 558     $ 542     $ 86,661  

Income before income taxes

    1,584       216       258       2,058  

Capital expenditures, net

    2,494       17       -       2,511  

Depreciation and amortization

    4,386       36       -       4,422  

Thirteen weeks ended September 28, 2013

                               

Net sales to external customers

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

Income (loss) before income taxes

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

Capital expenditures, net

    5,657       20       -       5,677  

Depreciation and amortization

    4,677       45       -       4,722  

Thirty-nine weeks ended September 27, 2014

                               

Net sales to external customers

  $ 257,752     $ 1,716     $ 1,384     $ 260,852  

Income (loss) before income taxes

    2,782       (62 )     684       3,404  

Capital expenditures, net

    5,655       26       -       5,681  

Depreciation and amortization

    13,274       111       -       13,385  

Thirty-nine weeks ended September 28, 2013

                               

Net sales to external customers

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

Income (loss) before income taxes

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

Capital expenditures, net

    14,600       93       -       14,693  

Depreciation and amortization

    14,263       136       -       14,399  
                                 

Total Assets as of:

                               

September 27, 2014

  $ 166,403     $ 2,849     $ 5,613     $ 174,865  

September 28, 2013

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

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 27, 2014

                               

Net sales to external customers

  $ 68,067     $ 18,247     $ 347     $ 86,661  

Property and equipment, net

    54,284       6,747       -       61,031  

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  
                                 

Thirty-nine weeks ended September 27, 2014

                               

Net sales to external customers

  $ 209,400     $ 50,422     $ 1,030       260,852  

Property and equipment, net

    54,284       6,747       -       61,031  

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  

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