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Note 8 - Segment Information
 3 Months Ended
Apr. 02, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
8. Segment Information
 
The Company’s operations are conducted through three operating segments consisting of direct-to-consumer (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, (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):
 
 
 
 
Direct-to-
 
 
International
 
 
 
 
 
 
 
 
 
 
 
Consumer
 
 
Franchising
 
 
Commercial
 
 
Total
 
Thirteen weeks ended April 2, 2016
                                
Net sales to external customers
   $ 94,056     $ 439     $ 481     $ 94,976  
Income before income taxes
     5,196       (67 )     143       5,272  
Capital expenditures, net
     6,179       6       -       6,185  
Depreciation and amortization
     3,769       41       1       3,811  
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  
                                 
Total Assets as of:
                                
April 2, 2016
   $ 188,999     $ 1,711     $ 5,305     $ 196,015  
April 4, 2015
   $ 184,615     $ 2,510     $ 4,912     $ 192,037  
 
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 2, 2016
                                
Net sales to external customers
   $ 79,507     $ 15,208     $ 261     $ 94,976  
Property and equipment, net
     61,164       7,313       409       68,886  
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  
 
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