Segmented information

12 Months Ended

Mar. 30, 2019

14.	Segmented information:

The Company has two reportable segments Retail and Other. As of March 30, 2019, Retail operated

stores across Canada under the Birks brand,

retail location in Calgary under the Brinkhaus brand and

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)