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Note 15 - Segment Information
 12 Months Ended
Jan. 02, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
(15)
Segment Information
 
The Company’s operations are conducted through three operating segments consisting of DTC, formerly retail, international franchising, and commercial. The DTC segment includes the operating activities of company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark and other retail delivery operations, including the Company’s e-commerce sites and temporary stores. 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 a separate 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):
 
 
 
 
Direct-to
 
 
International
 
 
 
 
 
 
 
 
 
 
 
Consumer
 
 
Franchising
 
 
Commercial
 
 
Total
 
Fifty-two weeks ended January 2, 2016
                                
Net sales to external customers
 
$
372,715
 
 
$
2,196
 
 
$
2,783
 
 
$
377,694
 
Net income before income taxes
 
 
16,053
 
 
 
868
 
 
 
977
 
 
 
17,898
 
Capital expenditures
 
 
24,307
 
 
 
74
 
 
 
7
 
 
 
24,388
 
Depreciation and amortization
 
 
16,284
 
 
 
134
 
 
 
1
 
 
 
16,419
 
Fifty-three weeks ended January 3, 2015
                                
Net sales to external customers
   $ 387,725     $ 2,531     $ 2,098     $ 392,354  
Net income (loss) before income taxes
     15,791       (454 )     687       16,024  
Capital expenditures
     10,851       39       -       10,890  
Depreciation and amortization
     17,981       147       -       18,128  
Fifty-two weeks ended December 28, 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  
                                 
Total Assets as of:
                                
January 2, 2016
   $ 206,878     $ 1,696     $ 4,760     $ 213,334  
January 3, 2015
   $ 204,758     $ 2,312     $ 4,984     $ 212,054  
 
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
 
Fifty-two weeks ended January 2, 2016
                                
Net sales to external customers
 
$
297,554
 
 
$
78,788
 
 
$
1,352
 
 
$
377,694
 
Property and equipment, net
 
 
61,211
 
 
 
6,459
 
 
 
71
 
 
 
67,741
 
Fifty-three weeks ended January 3, 2015
                                
Net sales to external customers
   $ 308,939     $ 81,848     $ 1,567     $ 392,354  
Property and equipment, net
     56,400       6,366       -       62,766  
Fifty-two weeks ended December 28, 2013
                                
Net sales to external customers
   $ 302,216     $ 75,133     $ 1,720     $ 379,069  
Property and equipment, net
     62,152       8,011       -       70,163  
 
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