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Segmented information
 12 Months Ended
Mar. 25, 2017
Segment Reporting [Abstract]  
Segmented information
15. Segmented information:

The Company has two reportable segments Retail and Other. As of March 25, 2017, Retail operated 26 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 25, 2017, March 26, 2016, and March 28, 2015, respectively, is set forth below:

 

     Retail      Other      Total  
     2017      2016      2015      2017      2016      2015      2017      2016      2015  
     (In thousands)  

Sales to external customers

    $ 283,807      $ 281,940      $ 293,146      $ 3,114      $ 3,886      $ 8,491      $ 286,921      $ 285,826      $ 301,637  

Inter-segment sales

      —          —          —          13,586        14,002        15,891        13,586        14,002        15,891  

Unadjusted Gross profit

      108,487        110,023        118,128        1,062        2,691        5,390        109,549        112,714        123,518  

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 25, 2017, March 26, 2016, and March 28, 2015:

 

     Fiscal Year Ended  
     March 25, 2017      March 26, 2016      March 28, 2015  
     (In thousands)  

Unadjusted gross profit

    $ 109,549      $ 112,714      $ 123,518  

Inventory provisions

      (1,250 )       (2,084 )       (3,151 ) 

Other unallocated costs

      (177 )       (1,630 )       (2,551 ) 

Adjustment of intercompany profit

      312        387        (11 ) 
  

 

 

     

 

 

     

 

 

  

Gross profit

    $ 108,434      $ 109,387      $ 117,805  
  

 

 

     

 

 

     

 

 

  

 

Sales to external customers and long-lived assets by geographical areas were as follows:

 

     Fiscal Year Ended  
     March 25, 2017      March 26, 2016      March 28, 2015  
     (In thousands)  

Geographic Areas

         

Net sales:

         

Canada

    $ 116,436      $ 128,651      $ 143,384  

United States

      170,485        157,175        158,253  
  

 

 

     

 

 

     

 

 

  
   $ 286,921      $ 285,826      $ 301,637  
  

 

 

     

 

 

     

 

 

  

Long-lived assets:

         

Canada

    $ 13,921      $ 18,610      $ 17,072  

United States

      9,259        11,302        11,957  
  

 

 

     

 

 

     

 

 

  
   $ 23,180      $ 29,912      $ 29,029  
  

 

 

     

 

 

     

 

 

  

Classes of Similar Products

         

Net sales:

         

Jewelry and other

    $ 122,405      $ 127,220      $ 141,781  

Timepieces

      164,516        158,606        159,856  
  

 

 

     

 

 

     

 

 

  
   $ 286,921      $ 285,826      $ 301,637