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Note 10 - Segment Information

9 Months Ended

Nov. 03, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

10.

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 corporately-managed 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 activities of the Company’s franchisees 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 November 3, 2018
Net sales to external customers		$	65,298			$	2,171			$	1,225			$	68,694
Income (loss) before income taxes			(11,406	)			1,054				360				(9,992	)
Capital expenditures			1,742				-				-				1,742
Depreciation and amortization			4,022				-				26				4,048
Thirteen weeks ended October 28, 2017
Net sales to external customers		$	74,441			$	1,196			$	514			$	76,151
Income (loss) before income taxes			(4,788	)			472				439				(3,877	)
Capital expenditures			5,185				-				-				5,185
Depreciation and amortization			4,149				1				15				4,165
Thirty-nine weeks ended November 3, 2018
Net sales to external customers		$	227,760			$	4,245			$	3,051			$	235,056
Income (loss) before income taxes			(14,577	)			1,705				981				(11,891	)
Capital expenditures			8,853				-				-				8,853
Depreciation and amortization			12,159				1				26				12,186
Thirty-nine weeks ended October 28, 2017
Net sales to external customers		$	239,567			$	5,320			$	1,647			$	246,534
Income (loss) before income taxes			(2,316	)			2,194				505				383
Capital expenditures			14,511				-				-				14,511
Depreciation and amortization			12,008				2				47				12,057
Total Assets as of:
November 3, 2018		$	166,833			$	6,625			$	5,396			$	178,854
October 28, 2017			175,957				6,045				2,047				184,049

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 November 3, 2018
Net sales to external customers		$	56,440			$	11,575			$	679			$	68,694
Thirteen weeks ended October 28, 2017
Net sales to external customers		$	61,165			$	15,372			$	(386	)		$	76,151
Thirty-nine weeks ended November 3, 2018
Net sales to external customers		$	198,372			$	35,005			$	1,679			$	235,056
Property and equipment, net			64,249				9,075				19				73,343
Thirty-nine weeks ended October 28, 2017
Net sales to external customers		$	204,128			$	41,874			$	532			$	246,534
Property and equipment, net			67,479				9,364				33				76,876

For purposes of this table only:

(

1

)  North America includes the United States, Canada, Puerto Rico and international franchising revenue in Mexico 

(

2

)  Europe includes the United Kingdom, Ireland, Denmark and international franchising revenue in Europe 

(

3

)  Other includes international franchising revenue outside of North America and Europe and a corporately-managed store in China 

X

- References

No definition available.

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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