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Note 8 - Segment Information
 3 Months Ended
Apr. 04, 2015
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

8. 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, Puerto Rico, the United Kingdom, Ireland and Denmark and other retail delivery operations, including the Company’s web stores. The international franchising segment includes the licensing activities of the Company’s franchise agreements with store locations in Europe, (outside of the United Kingdom, Ireland and Denmark), 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 a reportable segment. The three 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 April 4, 2015

                               

Net sales to external customers

  $ 91,664     $ 551     $ 1,178     $ 93,393  

Income before income taxes

    6,104       130       818       7,052  

Capital expenditures, net

    2,858       20       -       2,878  

Depreciation and amortization

    4,181       37       -       4,218  

Thirteen weeks ended March 29, 2014

                               

Net sales to external customers

  $ 96,840     $ 670     $ 432     $ 97,942  

Income (loss) before income taxes

    5,215       (137 )     228       5,306  

Capital expenditures, net

    1,097       9       -       1,106  

Depreciation and amortization

    4,470       38       -       4,508  
                                 
                                 

Total Assets as of:

                               

April 4, 2015

  $ 184,615     $ 2,510     $ 4,912     $ 192,037  

March 29, 2014

  $ 166,337     $ 3,949     $ 5,866     $ 176,152  

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 April 4, 2015

                               

Net sales to external customers

  $ 76,646     $ 16,416     $ 331     $ 93,393  

Property and equipment, net

    53,346       5,877       -       59,223  

Thirteen weeks ended March 29, 2014

                               

Net sales to external customers

  $ 79,830     $ 17,751     $ 361     $ 97,942  

Property and equipment, net

    58,011       7,585       -       65,596  

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, Denmark and franchise businesses in Europe


(3) Other includes franchise businesses outside of North America and Europe