| Segment information |
Segment information
As described in Note 1 above, the Company operates in two reportable segments identified as Base USAP, which is the core auto parts business, and AutoMD, an online automotive repair source of which the Company is a majority stockholder. Segment information is prepared on the same basis that our chief executive officer, who is our chief operating decision maker, manages the segments, evaluates financial results, and makes key operating decisions. Management evaluates the performance of its operating segments based on net sales, gross profit and income (loss) from operations. Operating income (loss) represents earnings (loss) before other income, interest expense and income taxes. The identifiable assets by segment disclosed in this note are those assets specifically identifiable within each segment.
Summarized segment information for our continuing operations from the two reportable segments for the periods presented is as follows (in thousands):
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Base USAP |
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AutoMD |
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Consolidated |
Thirteen weeks ended October 1, 2016 |
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|
|
|
Net sales |
$ |
73,452 |
|
|
$ |
63 |
|
|
$ |
73,515 |
|
Gross profit |
$ |
22,371 |
|
|
$ |
43 |
|
|
$ |
22,414 |
|
Operating costs (1) |
$ |
21,732 |
|
|
$ |
766 |
|
|
$ |
22,498 |
|
Income (loss) from operations |
$ |
639 |
|
|
$ |
(723 |
) |
|
$ |
(84 |
) |
Capital expenditures |
$ |
1,480 |
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|
$ |
203 |
|
|
$ |
1,683 |
|
Depreciation and amortization |
$ |
1,611 |
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|
$ |
286 |
|
|
$ |
1,897 |
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Total assets, net |
$ |
79,771 |
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|
$ |
3,695 |
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|
$ |
83,466 |
|
Thirteen weeks ended October 3, 2015 |
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Net sales |
$ |
70,573 |
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|
$ |
75 |
|
|
$ |
70,648 |
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Gross profit |
$ |
20,967 |
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|
$ |
75 |
|
|
$ |
21,042 |
|
Operating costs (1) |
$ |
20,367 |
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|
$ |
897 |
|
|
$ |
21,264 |
|
Income (loss) from operations |
$ |
600 |
|
|
$ |
(822 |
) |
|
$ |
(222 |
) |
Capital expenditures |
$ |
1,636 |
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|
$ |
332 |
|
|
$ |
1,968 |
|
Depreciation and amortization |
$ |
1,539 |
|
|
$ |
323 |
|
|
$ |
1,862 |
|
Total assets, net |
$ |
73,946 |
|
|
$ |
6,315 |
|
|
$ |
80,261 |
|
Thirty-nine weeks ended October 1, 2016 |
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|
|
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Net sales |
$ |
232,197 |
|
|
$ |
179 |
|
|
$ |
232,376 |
|
Gross profit |
$ |
70,604 |
|
|
$ |
156 |
|
|
$ |
70,760 |
|
Operating costs (1) |
$ |
66,485 |
|
|
$ |
2,312 |
|
|
$ |
68,797 |
|
Income (loss) from operations |
$ |
4,119 |
|
|
$ |
(2,156 |
) |
|
$ |
1,963 |
|
Capital expenditures |
$ |
3,835 |
|
|
$ |
735 |
|
|
$ |
4,570 |
|
Depreciation and amortization |
$ |
4,711 |
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|
$ |
890 |
|
|
$ |
5,601 |
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Total assets, net |
$ |
79,771 |
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|
$ |
3,695 |
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|
$ |
83,466 |
|
Thirty-nine weeks ended October 3, 2015 |
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Net sales |
$ |
223,309 |
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|
$ |
189 |
|
|
$ |
223,498 |
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Gross profit |
$ |
63,199 |
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|
$ |
189 |
|
|
$ |
63,388 |
|
Operating costs (1) |
$ |
62,322 |
|
|
$ |
2,413 |
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|
$ |
64,735 |
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Loss from operations |
$ |
877 |
|
|
$ |
(2,224 |
) |
|
$ |
(1,347 |
) |
Capital expenditures |
$ |
4,974 |
|
|
$ |
826 |
|
|
$ |
5,800 |
|
Depreciation and amortization |
$ |
4,571 |
|
|
$ |
1,047 |
|
|
$ |
5,618 |
|
Total assets, net |
$ |
73,946 |
|
|
$ |
6,315 |
|
|
$ |
80,261 |
|
|
|
(1) |
Operating costs for AutoMD primarily consist of depreciation and amortization on fixed assets and personnel costs. Indirect costs are not allocated to AutoMD. |
The following table summarizes the approximate distribution of Base USAP revenue by product type.
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Thirteen Weeks Ended |
Thirty-Nine Weeks Ended |
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|
October 1, 2016 |
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October 3, 2015 |
October 1, 2016 |
|
October 3, 2015 |
Private Label |
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|
|
|
|
|
Collision |
|
49% |
|
45% |
50% |
|
47% |
Engine |
|
16% |
|
15% |
15% |
|
14% |
Performance |
|
1% |
|
1% |
1% |
|
1% |
|
|
|
|
|
|
|
|
Branded |
|
|
|
|
|
|
|
Collision |
|
2% |
|
2% |
2% |
|
2% |
Engine |
|
13% |
|
15% |
13% |
|
14% |
Performance |
|
19% |
|
22% |
19% |
|
22% |
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|
|
|
|
|
|
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Total |
|
100% |
|
100% |
100% |
|
100% |
|