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Segmented information | 12 Months Ended
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Mar. 26, 2016
Segment Reporting [Abstract] |
Segmented information |
15. | Segmented information:
The Company has two reportable segments Retail and Other. As of March 26, 2016, Retail operated 27 stores across Canada under the Birks brand, and 17 stores in the Southeastern U.S. under the Mayors brand, 1 store under the Rolex brand name in Orlando, as well as 2 retail locations in Calgary and Vancouver under the Brinkhaus brand. Other consists primarily of our e-commerce business, gold exchange business, which purchases gold and other precious metals from clients and refines the metals purchased, wholesale business and until August 2015 the corporate sales division which was sold. The two segments are managed and evaluated separately based on gross profit. The accounting policies used for each of the segments are the same as those used for the consolidated financial statements. Inter-segment sales are made at amounts of consideration agreed upon between the two segments and intercompany profit is eliminated if not yet earned on a consolidated basis. The Company does not evaluate the performance of the Company’s assets on a segment basis for internal management reporting and, therefore, such information is not presented. Certain information relating to the Company’s segments for the years ended March 26, 2016, March 28, 2015, and March 29, 2014, respectively, is set forth below:
|  | Retail |  |  | Other |  |  | Total |
|  | 2016 |  |  | 2015 |  |  | 2014 |  |  | 2016 |  |  | 2015 |  |  | 2014 |  |  | 2016 |  |  | 2015 |  |  | 2014 |
|  | (In thousands) |
Sales to external customers |  | $ | 281,940 |  |  | $ | 293,146 |  |  | $ | 270,630 |  |  | $ | 3,886 |  |  | $ | 8,491 |  |  | $ | 10,535 |  |  | $ | 285,826 |  |  | $ | 301,637 |  |  | $ | 281,165 |
Inter-segment sales |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,002 |  |  |  | 15,891 |  |  |  | 18,320 |  |  |  | 14,002 |  |  |  | 15,891 |  |  |  | 18,320 |
Unadjusted Gross profit |  |  | 110,023 |  |  |  | 118,128 |  |  |  | 114,210 |  |  |  | 2,691 |  |  |  | 5,390 |  |  |  | 5,663 |  |  |  | 112,714 |  |  |  | 123,518 |  |  |  | 119,873 |
The following sets forth reconciliations of the segments’ gross profits and certain unallocated costs to the Company’s consolidated gross profits for the years ended March 26, 2016, March 28, 2015 and March 29, 2014:
|  | Fiscal Year Ended |
|  | March 26, 2016 |  |  | March 28, 2015 |  |  | March 29, 2014 |
|  | (In thousands) |
Unadjusted gross profit |  | $ | 112,714 |  |  | $ | 123,518 |  |  | $ | 119,873 |
Inventory provisions |  |  | (2,084 | ) |  |  | (3,151 | ) |  |  | (3,010 | )
Other unallocated costs |  |  | (1,630 | ) |  |  | (2,551 | ) |  |  | (2,801 | )
Adjustment of intercompany profit |  |  | 387 |  |  |  | (11 | ) |  |  | 605 |
Gross profit |  | $ | 109,387 |  |  | $ | 117,805 |  |  | $ | 114,667 |
Sales to external customers and long-lived assets by geographical areas were as follows:
|  | Fiscal Year Ended |
|  | March 26, 2016 |  |  | March 28, 2015 |  |  | March 29, 2014 |
|  | (In thousands) |
Geographic Areas |  |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Canada |  | $ | 128,651 |  |  | $ | 143,384 |  |  | $ | 146,277 |
United States |  |  | 157,175 |  |  |  | 158,253 |  |  |  | 134,888 |
|  | $ | 285,826 |  |  | $ | 301,637 |  |  | $ | 281,165 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
Canada |  | $ | 19,464 |  |  | $ | 17,898 |  |  | $ | 19,484 |
United States |  |  | 12,115 |  |  |  | 13,366 |  |  |  | 13,281 |
|  | $ | 31,579 |  |  | $ | 31,264 |  |  | $ | 32,765 |
Classes of Similar Products |  |  |  |  |  |  |  |  |  |  |  |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Jewelry and other |  | $ | 127,220 |  |  | $ | 141,781 |  |  | $ | 148,511 |
Timepieces |  |  | 158,606 |  |  |  | 159,856 |  |  |  | 132,654 |
|  | $ | 285,826 |  |  | $ | 301,637 |  |  | $ | 281,165 |

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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 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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