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8. Segment Reporting

9 Months Ended

Mar. 25, 2018

Segment Reporting [Abstract]

Segment Reporting

During the fiscal quarter ended December 24, 2017, the Company discontinued its Norco distribution division and revised its arrangements with third party suppliers and distributors of food, equipment and supplies. As a result, sale of food, equipment and supplies is no longer recognized as revenue and the cost of such items is no longer included in cost of sales. The Company now recognizes incentive revenues received from third party suppliers and distributors as revenue.

In order to show the impact of this change and better reflect the current operational structure, effective with the second quarter of fiscal 2018, the Company redefined its operating segments as Pizza Inn Franchising, Pie Five Franchising and Company-Owned Restaurants. Summarized in the following tables are net sales and operating revenues, operating income and geographic information (revenues) for these reportable segments for the three and nine month periods ended March 25, 2018 and March 26, 2017 (in thousands). Operating income reported below excludes income tax provision and discontinued operations. 

		Three Months Ended								Nine Months Ended
		March 25,				March 26,				March 25,				March 26,
		2018				2017				2018				2017
Net sales and operating revenues:
Pizza Inn Franchising		$	1,601			$	1,764			$	5,093			$	5,420
Pie Five Franchising			774				857				3,169				2,680
Company-Owned Restaurants (Note 1)			290				3,877				4,032				12,644
Consolidated revenues		$	2,665			$	6,498			$	12,294			$	20,744
Depreciation and amortization:
Pizza Inn Franchising		$	–			$	–			$	–			$	–
Pie Five Franchising			–				–				–				–
Company-Owned Restaurants (Note 1)			45				436				418				1,740
Combined			45				436				418				1,740
Corporate administration and other			88				142				315				355
Depreciation and amortization		$	133			$	578			$	733			$	2,095
Gain/(Loss) from continuing operations before taxes:
Pizza Inn Franchising		$	1,288			$	1,443			$	4,165			$	4,473
Pie Five Franchising			474				591				2,140				1,777
Company-Owned Restaurants (Note 1)			(167	)			(1,013	)			(1,509	)			(8,787	)
Combined			1,595				1,021				4,796				(2,537	)
Corporate administration and other			(2,064	)			(2,720	)			(5,807	)			(7,858	)
Loss from continuing operations before taxes		$	(469	)		$	(1,699	)		$	(1,011	)		$	(10,395	)
Geographic information (revenues):
United States		$	2,593			$	6,455			$	11,929			$	20,558
Foreign countries			72				43				365				186
Consolidated total		$	2,665			$	6,498			$	12,294			$	20,744

Note 1:

Company stores that were closed are included in discontinued operations in the accompanying Condensed Consolidated Statement of Operations.

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- References

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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://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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