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Segment Reporting | 12 Months Ended
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Jun. 30, 2012
Segment Reporting [Abstract] |
Segment Reporting |
(16) | Segment Reporting
The Company primarily markets footwear and accessories products sold predominantly in North America and has two reportable segments, which include: (1) footwear that encompasses primarily slippers, sandals, hybrid and fashion footwear; and (2) accessories with products including foot and shoe care products, handbags, tote bags and other travel accessories. The accounting policies of the reportable segments are the same, except that the disaggregated information has been prepared using certain management reports, which by their very nature require estimates. Effective with the first quarter of fiscal 2012, the Company implemented organizational changes in its reporting structure which included the creation of a separate Business Unit President for each operating unit, with each President reporting to the Chief Executive Officer (“CEO”) of R.G. Barry Corporation. This Business Unit President has financial performance responsibility for the operating unit. The measure of segment operating profit was redefined and our internal financial reporting structure changed accordingly. While many selling, general and administrative (“SGA”) expenses are directly incurred by each operating unit, certain corporate support expenses are incurred and assigned to the respective operating units based on estimated usage of such corporate support. Operating profit as measured for each segment includes sales, cost of sales and direct and allocated SGA expenses. This segment measure of operating profit or loss, as defined, is the primary indicator of financial performance used by management. Other corporate expenses incurred are deemed to be applicable to the Company as a whole and are not allocated to any specific business segment. These unallocated expenses primarily include areas such as the Company’s corporate and governance functions, including the CEO, Chief Financial Officer and Board of Directors, as well as annual accrued incentive stock compensation, pension, professional fees and similar corporate expenses. Segment operating profit, as reported below, is based on the same definition of operating profit as described above.
2012 |  | Footwear |  |  | Accessories |  |  | Unallocated Corporate |  |  | Total |
Net sales |  | $ | 123,336 |  |  | $ | 32,602 |  |  | $ | — |  |  | $ | 155,938 |
Gross profit |  |  | 48,901 |  |  |  | 18,268 |  |  |  | — |  |  |  | 67,169 |
Depreciation and amortization |  |  | 486 |  |  |  | 1,885 |  |  |  | 674 |  |  |  | 3,045 |
Operating profit |  |  | 28,247 |  |  |  | 6,096 |  |  |  | (10,970 | ) |  |  | 23,373 |
Total assets |  |  | 39,573 |  |  |  | 50,402 |  |  |  | 38,291 |  |  |  | 128,266 |
2011 |  | Footwear |  |  | Accessories |  |  | Unallocated Corporate |  |  | Total |
Net sales |  | $ | 118,844 |  |  | $ | 10,724 |  |  | $ | — |  |  | $ | 129,568 |
Gross profit |  |  | 41,776 |  |  |  | 6,387 |  |  |  | — |  |  |  | 48,163 |
Depreciation and amortization |  |  | 580 |  |  |  | 528 |  |  |  | 783 |  |  |  | 1,891 |
Operating profit |  |  | 16,909 |  |  |  | 2,987 |  |  |  | (8,216 | ) |  |  | 11,680 |
Total assets |  |  | 35,521 |  |  |  | 52,506 |  |  |  | 27,952 |  |  |  | 115,979 |
2010 |  | Footwear |  |  | Accessories |  |  | Unallocated Corporate |  |  | Total |
Net sales |  | $ | 123,787 |  |  | $ | — |  |  | $ | — |  |  | $ | 123,787 |
Gross profit |  |  | 51,359 |  |  |  | — |  |  |  | — |  |  |  | 51,359 |
Depreciation and amortization |  |  | 301 |  |  |  | — |  |  |  | 566 |  |  |  | 867 |
Operating profit |  |  | 25,687 |  |  |  | — |  |  |  | (10,951 | ) |  |  | 14,736 |
Total assets |  |  | 40,962 |  |  |  | — |  |  |  | 42,407 |  |  |  | 83,369 |
During fiscal 2010, the Company operated with a single segment representing its footwear business. Results for fiscal 2011 reflect the respective acquisitions of Accessories segment business assets at, and operations subsequent to, January 2011 for Foot Petals and March 2011 for Baggallini. Net sales as reported in the consolidated statements of income relate primarily to markets in the United States of America. At June 30, 2012 and July 2, 2011, substantially all of the Company’s long-lived assets were located in the United States of America. For fiscal 2012, fiscal 2011 and fiscal 2010, one customer accounted for approximately 29%, 32% and 35%, respectively, of the Company’s consolidated net sales. A second customer accounted for 10% of the Company’s consolidated net sales in fiscal 2010. All significant customers noted above were in the Footwear segment.

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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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: 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=6534315&loc=d3e8906-108599 Reference 3: 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=6534315&loc=d3e8933-108599 Reference 4: 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=6534315&loc=d3e8984-108599 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=6534315&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 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: 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=6534315&loc=d3e9054-108599 Reference 8: 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=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: 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=6534315&loc=d3e8981-108599 Reference 11: 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=6534315&loc=d3e8971-108599 Reference 12: 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=6534315&loc=d3e8844-108599 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=6534315&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 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: 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=6534315&loc=d3e9038-108599 + Details
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