| 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).
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Basics |
|
Branded |
|
Consolidated |
Fiscal Year 2012: |
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|
|
|
|
Net sales |
$ |
254,718 |
|
|
$ |
235,205 |
|
|
$ |
489,923 |
|
Segment operating (loss) income |
(12,484 |
) |
|
6,262 |
|
|
(6,222 |
) |
Segment assets ** |
168,492 |
|
|
151,902 |
|
|
320,394 |
|
Equity investment in joint venture |
2,818 |
|
|
— |
|
|
2,818 |
|
Purchases of property and equipment |
3,828 |
|
|
2,798 |
|
|
6,626 |
|
Depreciation and amortization |
5,547 |
|
|
1,945 |
|
|
7,492 |
|
|
|
|
|
|
|
Fiscal Year 2011: |
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|
|
|
Net sales |
$ |
253,494 |
|
|
$ |
221,742 |
|
|
$ |
475,236 |
|
Gain on contingent consideration, net of impairment charges * |
— |
|
|
918 |
|
|
918 |
|
Segment operating income |
16,889 |
|
|
8,407 |
|
|
25,296 |
|
Segment assets ** |
162,932 |
|
|
148,933 |
|
|
311,865 |
|
Equity investment in joint venture |
2,664 |
|
|
— |
|
|
2,664 |
|
Purchases of property and equipment |
4,164 |
|
|
3,802 |
|
|
7,966 |
|
Depreciation and amortization |
4,913 |
|
|
2,346 |
|
|
7,259 |
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|
Fiscal Year 2010: |
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|
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|
Net sales |
$ |
226,590 |
|
|
$ |
197,821 |
|
|
$ |
424,411 |
|
Segment operating income |
2,360 |
|
|
17,802 |
|
|
20,162 |
|
Segment assets ** |
131,012 |
|
|
120,321 |
|
|
251,333 |
|
Equity investment in joint venture |
2,682 |
|
|
— |
|
|
2,682 |
|
Purchases of property and equipment |
4,476 |
|
|
2,479 |
|
|
6,955 |
|
Depreciation and amortization |
5,060 |
|
|
1,728 |
|
|
6,788 |
|
______________________
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* |
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See Note 2(m) for further information regarding the remeasurement of contingent consideration and impairment testing of goodwill and intangibles. |
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** |
|
All goodwill and intangibles on our balance sheet is included in the branded segment. |
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| Reconciliation of segment operating income to consolidated income before income taxes |
The following reconciles the Segment Operating (Loss) Income to the consolidated (loss) income before income taxes (in thousands):
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Year Ended |
|
June 30,
2012 |
|
July 2,
2011
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|
July 3,
2010
|
|
Segment operating (loss) income |
$ |
(6,222 |
) |
|
$ |
25,296 |
|
|
$ |
20,162 |
|
Unallocated interest expense |
4,132 |
|
|
2,616 |
|
|
3,509 |
|
Consolidated (loss) income before taxes |
$ |
(10,354 |
) |
|
$ |
22,680 |
|
|
$ |
16,653 |
|
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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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Year Ended |
|
June 30,
2012 |
|
July 2,
2011
|
|
|
July 3,
2010
|
|
United States |
$ |
484,419 |
|
|
$ |
470,909 |
|
|
$ |
412,938 |
|
Foreign |
5,504 |
|
|
4,327 |
|
|
11,473 |
|
Total net sales |
$ |
489,923 |
|
|
$ |
475,236 |
|
|
$ |
424,411 |
|
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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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June 30, 2012 |
|
July 2, 2011 |
United States |
$ |
22,146 |
|
|
$ |
21,834 |
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|
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|
Honduras |
13,220 |
|
|
14,635 |
|
El Salvador |
2,979 |
|
|
2,066 |
|
Mexico |
1,080 |
|
|
1,221 |
|
All foreign countries |
17,279 |
|
|
17,922 |
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Total long-lived assets, excluding goodwill and intangibles |
$ |
39,425 |
|
|
$ |
39,756 |
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|