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Segmented information | 12 Months Ended
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Mar. 30, 2019
Segment Reporting [Abstract] |
Segmented information |
14. | Segmented information:
The Company has two reportable segments Retail and Other. As of March 30, 2019, Retail operated 26 stores across Canada under the Birks brand, 1 retail location in Calgary under the Brinkhaus brand and 2 retail locations in Vancouver under the Graff and Patek Philippe brands. Other consists primarily of our e-commerce business and wholesale business. The two reportable segments are managed and evaluated separately based on unadjusted 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 30, 2019, March 31, 2018, and March 25, 2017, respectively, is set forth below:
|  | Retail |  |  | Other |  |  | Total |
|  | 2019 |  |  | 2018* |  |  | 2017* |  |  | 2019 |  |  | 2018* |  |  | 2017* |  |  | 2019 |  |  | 2018* |  |  | 2017* |
|  | (In thousands) |
Sales to external customers |  | $ | 143,499 |  |  | $ | 141,607 |  |  | $ | 149,418 |  |  | $ | 7,550 |  |  | $ | 5,001 |  |  | $ | 3,574 |  |  | $ | 151,049 |  |  | $ | 146,608 |  |  | $ | 152,992 |
Inter-segment sales |  |  | – |  |  |  | – |  |  |  | – |  |  |  | 9,912 |  |  |  | 13,054 |  |  |  | 15,637 |  |  |  | 9,912 |  |  |  | 13,054 |  |  |  | 15,637 |
Unadjusted Gross profit |  |  | 58,936 |  |  |  | 55,578 |  |  |  | 61,441 |  |  |  | 1,119 |  |  |  | 2,177 |  |  |  | 1,411 |  |  |  | 60,055 |  |  |  | 57,755 |  |  |  | 62,852 |
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 30, 2019, March 31, 2018, and March 25, 2017:
|  | Fiscal Year Ended |
|  | March 30, 2019 |  |  | March 31, 2018* |  |  | March 25, 2017* |
|  | (In thousands) |
Unadjusted gross profit |  | $ | 60,055 |  |  | $ | 57,755 |  |  | $ | 62,852 |
Inventory provisions |  |  | (686 | ) |  |  | (1,431 | ) |  |  | (416 | )
Other unallocated costs |  |  | (998 | ) |  |  | (708 | ) |  |  | (1,033 | )
Adjustment of intercompany profit |  |  | 206 |  |  |  | 77 |  |  |  | 129 |
Gross profit |  | $ | 58,577 |  |  | $ | 55,693 |  |  | $ | 61,532 |
(*) Recast (refer to note 1) Sales by classes of similar products and by channel were as follows:
|  | Retail |  |  | Other |  |  | Total |
|  | 2019 |  |  | 2018* |  |  | 2017* |  |  | 2019 |  |  | 2018* |  |  | 2017* |  |  | 2019 |  |  | 2018* |  |  | 2017* |
|  | (In thousands) |
Jewelry and other |  | $ | 91,493 |  |  | $ | 98,057 |  |  | $ | 102,083 |  |  | $ | 7,550 |  |  | $ | 5,001 |  |  | $ | 3,574 |  |  | $ | 99,043 |  |  | $ | 103,058 |  |  | $ | 105,657 |
Timepieces |  |  | 52,006 |  |  |  | 43,550 |  |  |  | 47,335 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 52,006 |  |  |  | 43,550 |  |  |  | 47,335 |
|  | $ | 143,499 |  |  | $ | 141,607 |  |  | $ | 149,418 |  |  | $ | 7,550 |  |  | $ | 5,001 |  |  | $ | 3,574 |  |  | $ | 151,049 |  |  | $ | 146,608 |  |  | $ | 152,992 |
(*) Recast (refer to note 1)

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- References No definition available. + Details
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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 + Details
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