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Note 9 - Segment Information

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

9

. Segment Information

The Company

’s operations are conducted through

three

operating segments consisting of direct-to-consumer (DTC), commercial and international franchising. The DTC segment includes the operating activities of company-owned stores in the United States, Canada, the United Kingdom, Ireland, Denmark and China 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				Commercial				Franchising				Total
Thirteen weeks ended September 30, 2017
Net sales to external customers		$	80,552			$	1,304			$	572			$	82,428
Income before income taxes			1,098				563				503				2,164
Capital expenditures			4,607				-				157				4,764
Depreciation and amortization			4,185				1				15				4,201
Thirteen weeks ended October 1, 2016
Net sales to external customers		$	81,870			$	1,322			$	556			$	83,748
Income before income taxes			1,881				667				248				2,796
Capital expenditures			6,321				-				10				6,331
Depreciation and amortization			3,935				1				18				3,954
Thirty-nine weeks ended September 30, 2017
Net sales to external customers		$	243,559			$	5,037			$	1,689			$	250,285
Income before income taxes			1,493				2,112				538				4,143
Capital expenditures			12,614				-				175				12,789
Depreciation and amortization			12,034				2				48				12,084
Thirty-nine weeks ended October 1, 2016
Net sales to external customers		$	249,854			$	2,601			$	1,407			$	253,862
Income before income taxes			429				1,080				316				1,825
Capital expenditures			18,178				-				35				18,213
Depreciation and amortization			11,506				2				65				11,573
Total Assets as of:
September 30, 2017		$	176,159			$	5,998			$	2,184			$	184,341
October 1, 2016		$	174,510			$	5,968			$	2,419			$	182,897

The Company

’s reportable segments are primarily determined by the types of products and services that each offers. 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 30, 2017
Net sales to external customers		$	67,036			$	14,812			$	580			$	82,428
Property and equipment, net			67,073				9,612				33				76,718
Thirteen weeks ended October 1, 2016
Net sales to external customers		$	68,227			$	14,955			$	566			$	83,748
Property and equipment, net			62,377				8,385				1,222				71,984
Thirty-nine weeks ended September 30, 2017
Net sales to external customers		$	207,863			$	40,905			$	1,517			$	250,285
Property and equipment, net			67,073				9,612				33				76,718
Thirty-nine weeks ended October 1, 2016
Net sales to external customers		$	209,105			$	43,592			$	1,165			$	253,862
Property and equipment, net			62,377				8,385				1,222				71,984

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 and, beginning in

2016,

a company-owned store in China 

X

- References

No definition available.

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X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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