| Disaggregation of revenue |
The table below identifies the amount of net sales by distribution channel and percentage of net sales (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
March 30, 2019 |
|
March 31, 2018 |
|
$ |
% |
|
$ |
% |
Retail |
$ |
872 |
|
1 |
% |
|
$ |
733 |
|
1 |
% |
Direct-to-consumer ecommerce |
981 |
|
1 |
% |
|
1,060 |
|
1 |
% |
Wholesale |
100,985 |
|
98 |
% |
|
98,211 |
|
98 |
% |
Net Sales |
$ |
102,838 |
|
100 |
% |
|
$ |
100,004 |
|
100 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended |
|
March 30, 2019 |
|
March 31, 2018 |
|
$ |
% |
|
$ |
% |
Retail |
$ |
1,884 |
|
1 |
% |
|
$ |
1,616 |
|
1 |
% |
Direct-to-consumer ecommerce |
2,569 |
|
1 |
% |
|
2,451 |
|
1 |
% |
Wholesale |
200,060 |
|
98 |
% |
|
186,279 |
|
98 |
% |
Net Sales |
$ |
204,513 |
|
100 |
% |
|
$ |
190,346 |
|
100 |
% |
The table below provides net sales by reportable segment (in thousands) and the percentage of net sales by distribution channel for each reportable segment:
|
|
|
|
|
|
|
|
|
|
|
|
Second Quarter Fiscal Year 2019 |
|
Net Sales |
Wholesale |
Retail |
Ecommerce |
Delta Group |
$ |
89,526 |
|
99.4 |
% |
0.3 |
% |
0.3 |
% |
Salt Life Group |
13,312 |
|
90.2 |
% |
4.4 |
% |
5.4 |
% |
Total |
$ |
102,838 |
|
|
|
|
|
|
|
|
|
|
Second Quarter Fiscal Year 2018 |
|
Net Sales |
Wholesale |
Retail |
Ecommerce |
Delta Group |
$ |
86,125 |
|
99.4 |
% |
0.3 |
% |
0.3 |
% |
Salt Life Group |
13,879 |
|
90.7 |
% |
3.5 |
% |
5.8 |
% |
Total |
$ |
100,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year To Date Fiscal Year 2019 |
|
Net Sales |
Wholesale |
Retail |
Ecommerce |
Delta Group |
$ |
183,916 |
|
99.4 |
% |
0.3 |
% |
0.3 |
% |
Salt Life Group |
20,597 |
|
84.3 |
% |
6.2 |
% |
9.5 |
% |
Total |
$ |
204,513 |
|
|
|
|
|
|
|
|
|
|
Year To Date Fiscal Year 2018 |
|
Net Sales |
Wholesale |
Retail |
Ecommerce |
Delta Group |
$ |
170,051 |
|
99.3 |
% |
0.4 |
% |
0.3 |
% |
Salt Life Group |
20,295 |
|
85.5 |
% |
5.1 |
% |
9.4 |
% |
Total |
$ |
190,346 |
|
|
|
|
|
| Schedule of the effect of the adoption of the standard |
See the table below for the effect of the adoption of the standard on our Condensed Consolidated Balance Sheets as of March 30, 2019, (in thousands), due to the change in recording provisions for customer refunds as a liability instead of netted against trade accounts receivable.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As Reported March 30, 2019 |
|
Effect of standard |
|
Balances without Adoption |
Accounts receivable, net |
$ |
59,197 |
|
|
$ |
(847 |
) |
|
$ |
58,350 |
|
Prepaid expenses and other current assets |
3,002 |
|
|
(101 |
) |
|
2,901 |
|
Total Current Assets |
251,251 |
|
|
(948 |
) |
|
250,303 |
|
Total assets |
379,055 |
|
|
(948 |
) |
|
378,107 |
|
Accrued liabilities |
15,439 |
|
|
(1,093 |
) |
|
14,346 |
|
Total current liabilities |
89,790 |
|
|
(1,093 |
) |
|
88,697 |
|
Total liabilities |
233,388 |
|
|
(1,093 |
) |
|
232,295 |
|
Total liabilities and equity |
$ |
379,055 |
|
|
$ |
(1,093 |
) |
|
$ |
377,962 |
|
|