Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 3 Months Ended
Apr. 04, 2015
Segment Reporting [Abstract]  
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. The accounting policies of the operating segments are the same as those described in Note 1. Operating income represents earnings 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):
 
Base USAP
 
AutoMD
 
Consolidated
Thirteen weeks ended April 4, 2015
 
 
 
 
 
Net sales
$
76,325

 
$
63

 
$
76,388

Gross profit
$
21,415

 
$
63

 
$
21,478

Operating costs (1)
$
20,720

 
$
776

 
$
21,496

Income (loss) from operations
$
695

 
$
(713
)
 
$
(18
)
Capital expenditures
$
1,966

 
$
185

 
$
2,151

Depreciation and amortization
$
1,549

 
$
385

 
$
1,934

Total assets, net of accumulated depreciation
$
76,172

 
$
7,667

 
$
83,839

Thirteen weeks ended March 29, 2014
 
 
 
 
 
Net sales
$
67,949

 
$
79

 
$
68,028

Gross profit
$
20,622

 
$
79

 
$
20,701

Operating costs (1)
$
19,645

 
$
561

 
$
20,206

Income (loss) from operations
$
977

 
$
(482
)
 
$
495

Capital expenditures
$
1,143

 
$
415

 
$
1,558

Depreciation and amortization
$
1,934

 
$
434

 
$
2,368

Total assets, net of accumulated depreciation
$
65,986

 
$
1,946

 
$
67,932

Fifty-three weeks as of January 3, 2015
 
 
 
 
 
Total assets, net of accumulated depreciation
$
74,414

 
$
8,493

 
$
82,907

 
 
(1)
Operating costs for AutoMD primarily consist of depreciation and amortization on fixed assets and personnel costs. Indirect costs are not allocated to AutoMD.