| Segment reporting information by segment |
Intercompany transfers between operating segments are transacted at cost and have been eliminated within the segment amounts shown in the following table (in thousands). We expensed a one-time charge of $1.2 million in the fiscal 2013 September quarter for legal and professional fees related to the previously disclosed Audit Committee internal investigation that was completed during that quarter. This one time charge is included in the basics segment.
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Basics |
|
Branded |
|
Consolidated |
Fiscal Year 2014: |
|
|
|
|
|
Net sales |
$ |
265,882 |
|
|
$ |
187,019 |
|
|
$ |
452,901 |
|
Segment operating income (loss) |
3,448 |
|
|
(5,109 |
) |
|
(1,661 |
) |
Segment assets |
174,814 |
|
|
179,764 |
|
|
354,578 |
|
Equity investment in joint venture |
2,879 |
|
|
— |
|
|
2,879 |
|
Purchases of property and equipment |
6,435 |
|
|
2,459 |
|
|
8,894 |
|
Depreciation and amortization |
6,261 |
|
|
3,232 |
|
|
9,493 |
|
|
|
|
|
|
|
Transition Period: |
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|
|
|
|
Net sales |
$ |
64,996 |
|
|
$ |
57,563 |
|
|
$ |
122,559 |
|
Segment operating income |
359 |
|
|
197 |
|
|
556 |
|
Segment assets |
162,505 |
|
|
189,257 |
|
|
351,762 |
|
Equity investment in joint venture |
2,938 |
|
|
— |
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|
2,938 |
|
Purchases of property and equipment |
2,509 |
|
|
483 |
|
|
2,992 |
|
Depreciation and amortization |
1,451 |
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|
619 |
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|
2,070 |
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Fiscal Year 2013: |
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Net sales |
$ |
278,020 |
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|
$ |
212,503 |
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|
$ |
490,523 |
|
Segment operating income (loss) |
15,831 |
|
|
(1,928 |
) |
|
13,903 |
|
Segment assets |
166,570 |
|
|
145,340 |
|
|
311,910 |
|
Equity investment in joint venture |
2,909 |
|
|
— |
|
|
2,909 |
|
Purchases of property and equipment |
3,978 |
|
|
3,944 |
|
|
7,922 |
|
Depreciation and amortization |
5,794 |
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|
2,221 |
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|
8,015 |
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Fiscal Year 2012: |
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Net sales |
$ |
258,400 |
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|
$ |
231,523 |
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|
$ |
489,923 |
|
Segment operating (loss) income |
(13,020 |
) |
|
6,798 |
|
|
(6,222 |
) |
Segment assets |
172,646 |
|
|
147,748 |
|
|
320,394 |
|
Equity investment in joint venture |
2,818 |
|
|
— |
|
|
2,818 |
|
Purchases of property and equipment |
3,821 |
|
|
2,805 |
|
|
6,626 |
|
Depreciation and amortization |
6,135 |
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|
1,357 |
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|
7,492 |
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| Reconciliation of segment operating income to consolidated income before income taxes |
The following reconciles the segment operating income (loss) to the consolidated income (loss) before provision for (benefit from) income taxes (in thousands):
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Period Ended |
|
September 27,
2014 |
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September 28,
2013 |
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June 29,
2013 |
|
June 30,
2012 |
Segment operating (loss) income |
$ |
(1,661 |
) |
|
$ |
556 |
|
|
$ |
13,903 |
|
|
$ |
(6,222 |
) |
Unallocated interest expense |
5,792 |
|
|
1,033 |
|
|
3,997 |
|
|
4,132 |
|
Consolidated (loss) income before (benefit from) provision for income taxes |
$ |
(7,453 |
) |
|
$ |
(477 |
) |
|
$ |
9,906 |
|
|
$ |
(10,354 |
) |
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| Supplemental information regarding revenues by geographic area |
Supplemental information regarding our revenues by geographic area based on the location of the customer is as follows (in thousands):
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Period Ended |
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September 27,
2014 |
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September 28,
2013 |
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June 29,
2013
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June 30,
2012
|
United States |
$ |
442,062 |
|
|
$ |
117,813 |
|
|
$ |
480,981 |
|
|
$ |
484,419 |
|
Foreign |
10,839 |
|
|
4,746 |
|
|
9,542 |
|
|
5,504 |
|
Total net sales |
$ |
452,901 |
|
|
$ |
122,559 |
|
|
$ |
490,523 |
|
|
$ |
489,923 |
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| Summarized financial information by geographic area |
Summarized financial information by geographic area is as follows (in thousands):
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As Of |
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September 27,
2014 |
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September 28,
2013 |
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June 29,
2013
|
United States |
$ |
22,919 |
|
|
$ |
22,929 |
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$ |
23,011 |
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Honduras |
14,234 |
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|
13,525 |
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|
12,144 |
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El Salvador |
2,689 |
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|
3,055 |
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|
3,163 |
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Mexico |
1,163 |
|
|
1,091 |
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|
1,128 |
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All foreign countries |
18,086 |
|
|
17,671 |
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|
16,435 |
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Total long-lived assets, excluding goodwill and intangibles |
$ |
41,005 |
|
|
$ |
40,600 |
|
|
$ |
39,446 |
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|