Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Jun. 30, 2013 | Mar. 05, 2014 | Mar. 05, 2014 | |
Class A Common Stock | Class B Common Stock | |||
Document Information [Line Items] | ' | ' | ' | ' |
Document Type | '10-K | ' | ' | ' |
Amendment Flag | 'false | ' | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' | ' |
Trading Symbol | 'GAIA | ' | ' | ' |
Entity Registrant Name | 'GAIAM, INC | ' | ' | ' |
Entity Central Index Key | '0001089872 | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' | ' |
Entity Voluntary Filers | 'No | ' | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | ' | 18,602,803 | 5,400,000 |
Entity Public Float | ' | $70,643,220 | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | ||
In Thousands, unless otherwise specified | ||||
Current assets: | ' | ' | ||
Cash | $32,229 | [1] | $9,858 | [1],[2] |
Accounts receivable, net | 30,066 | 21,978 | ||
Inventory, less allowances | 20,275 | 21,252 | ||
Deferred advertising costs | 311 | 819 | ||
Deferred tax assets | ' | 9,129 | ||
Advances | 1,078 | 2,489 | ||
Other current assets | 8,081 | 5,300 | ||
Current assets of discontinued operations | 3,212 | 58,952 | ||
Total current assets | 95,252 | 129,777 | ||
Property and equipment, net | 22,540 | [3] | 23,544 | [3] |
Media Library, net | 5,211 | [3] | 10,441 | [3] |
Deferred tax assets | ' | 14,692 | ||
Goodwill | 13,999 | 2,673 | ||
Other intangibles, net | 1,155 | [3] | 190 | [3] |
Other assets | 1,835 | 652 | ||
Noncurrent assets of discontinued operations | 10 | 15,262 | ||
Total assets | 140,002 | 197,231 | ||
Current liabilities: | ' | ' | ||
Accounts payable | 11,697 | 16,109 | ||
Accrued liabilities | 17,503 | 9,484 | ||
Participations payable | 3,916 | 2,871 | ||
Current liabilities of discontinued operations | 1,596 | 49,895 | ||
Total current liabilities | 34,712 | 78,359 | ||
Commitments and contingencies | ' | ' | ||
Gaiam, Inc. shareholders' equity: | ' | ' | ||
Additional paid-in capital | 167,875 | 159,614 | ||
Accumulated other comprehensive (expense) income | -33 | 118 | ||
Accumulated deficit | -66,413 | -43,661 | ||
Total Gaiam, Inc. shareholders' equity | 101,432 | 116,074 | ||
Noncontrolling interest | 3,858 | 2,798 | ||
Total equity | 105,290 | 118,872 | ||
Total liabilities and equity | 140,002 | 197,231 | ||
Class A Common Stock | ' | ' | ||
Gaiam, Inc. shareholders' equity: | ' | ' | ||
Common stock | 2 | 2 | ||
Class B Common Stock | ' | ' | ||
Gaiam, Inc. shareholders' equity: | ' | ' | ||
Common stock | $1 | $1 | ||
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||
[2] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. | |||
[3] | Excludes other non-current assets (non-current deferred tax assets, net, goodwill, investments, notes receivable, security deposits and noncurrent assets from discontinued operations) of $15,432, $33,001, and $31,897 for 2013, 2012, and 2011, respectively. |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Class A Common Stock | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 150,000,000 | 150,000,000 |
Common stock, shares issued | 18,595,121 | 17,330,464 |
Common stock, shares outstanding | 18,595,121 | 17,330,464 |
Class B Common Stock | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 5,400,000 | 5,400,000 |
Common stock, shares outstanding | 5,400,000 | 5,400,000 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 12 Months Ended | |||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Net revenues | $155,463 | $127,242 | [1] | $223,691 | [1] | |
Cost of goods sold | 90,155 | 70,723 | [1] | 144,835 | [1] | |
Gross profit | 65,308 | 56,519 | [1] | 78,856 | [1] | |
Expenses: | ' | ' | ' | |||
Selling and operating | 64,657 | 56,292 | [1] | 73,525 | [1] | |
Corporate, general and administration | 11,249 | 10,400 | [1] | 11,828 | [1] | |
Acquisition-related costs | 76 | ' | 2,393 | [1] | ||
Other general income and expense | 10,967 | ' | 22,456 | [1] | ||
Total expenses | 86,949 | 66,692 | [1] | 110,202 | [1] | |
Loss from operations | -21,641 | -10,173 | [1] | -31,346 | [1] | |
Interest and other income (expense) | 2,421 | -86 | [1] | -90 | [1] | |
Gain on sale of investment | 25,096 | ' | ' | |||
Loss from equity method investment | ' | -18,410 | [1] | ' | ||
Loss from deconsolidation of subsidiary | ' | ' | -4,550 | [1] | ||
Income (loss) before income taxes | 5,876 | -28,669 | [1] | -35,986 | [1] | |
Income tax expense (benefit) | 25,974 | -9,444 | [1] | -10,713 | [1] | |
Net income (loss) from continuing operations | -20,098 | [2] | -19,225 | [1],[3] | -25,273 | [1] |
Income from discontinued operations, net of tax | -1,995 | [2] | 6,648 | [1],[3] | 3 | [1] |
Net income (loss) | -22,093 | [2] | -12,577 | [1],[3] | -25,270 | [1] |
Net (income) loss attributable to noncontrolling interest | -659 | -305 | [1] | 398 | [1] | |
Net income (loss) attributable to Gaiam, Inc. | ($22,752) | ($12,882) | [1] | ($24,872) | [1] | |
Net income (loss) per share attributable to Gaiam, Inc. common shareholders-basic: | ' | ' | ' | |||
From continuing operations | ($0.90) | ($0.86) | [1] | ($1.08) | [1] | |
From discontinued operations | ($0.09) | $0.29 | [1] | $0 | [1] | |
Basic net income (loss) per share attributable to Gaiam, Inc. | ($0.99) | ($0.57) | [1] | ($1.08) | [1] | |
Net income (loss) per share attributable to Gaiam, Inc. common shareholders-diluted: | ' | ' | ' | |||
From continuing operations | ($0.89) | ($0.86) | [1] | ($1.08) | [1] | |
From discontinued operations | ($0.09) | $0.29 | [1] | $0 | [1] | |
Diluted net income (loss) per share attributable to Gaiam, Inc. | ($0.98) | ($0.57) | [1] | ($1.08) | [1] | |
Weighted-average shares outstanding: | ' | ' | ' | |||
Basic | 22,972 | 22,703 | [1] | 23,126 | [1] | |
Diluted | 23,115 | 22,703 | [1] | 23,126 | [1] | |
[1] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | |||||
[2] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||||
[3] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Loss) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Net income (loss) | ($22,093) | [1] | ($12,577) | [2],[3] | ($25,270) | [2] |
Accumulated other comprehensive income (loss): | ' | ' | ' | |||
Foreign currency translation gain (loss), net of related tax | -292 | 10 | -2 | |||
Unrealized gain on equity security, net of related tax | 116 | ' | ' | |||
Accumulated other comprehensive income (loss) | -176 | 10 | -2 | |||
Comprehensive income (loss) | -22,269 | -12,567 | -25,272 | |||
Less: comprehensive income (loss) attributable to the noncontrolling interest | 634 | 310 | -399 | |||
Comprehensive income (loss) attributable to Gaiam, Inc | ($22,903) | ($12,877) | ($24,873) | |||
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||||
[2] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | |||||
[3] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Equity (USD $) | Total | Total Gaiam Equity | Accumulated Deficit | Accumulated Other Comprehensive Income | Common Stock | Additional Paid-in Capital | Noncontrolling Interest |
In Thousands, except Share data | |||||||
Beginning balance at Dec. 31, 2010 | $168,762 | $151,820 | ($5,907) | $114 | $3 | $157,610 | $16,942 |
Beginning balance (in shares) at Dec. 31, 2010 | ' | ' | ' | ' | 23,298,921 | ' | ' |
Issuance of Gaiam, Inc. common stock in conjunction with acquisitions and share-based compensation | 1,081 | 1,081 | ' | ' | ' | 1,081 | ' |
Issuance of Gaiam, Inc. common stock in conjunction with acquisitions and share-based compensation (in shares) | ' | ' | ' | ' | 26,926 | ' | ' |
Repurchase of stock (in shares) | ' | ' | ' | ' | -628,003 | ' | ' |
Repurchase of stock | -2,264 | -2,264 | ' | ' | ' | -2,264 | ' |
Deconsolidation of subsidiary | -31,394 | 562 | ' | ' | ' | 562 | -31,956 |
Issuance of subsidiary common stock and share-based compensation | 537 | 193 | ' | ' | ' | 193 | 344 |
Subsidiary's equity consideration in conjunction with an acquisition, net of taxes of $877 | 20,794 | 1,716 | ' | ' | ' | 1,716 | 19,078 |
Subsidiary's repurchase of stock | -1,070 | -125 | ' | ' | ' | -125 | -945 |
Comprehensive income (loss) | -25,272 | -24,873 | -24,872 | -1 | ' | ' | -399 |
Ending balance at Dec. 31, 2011 | 131,174 | 128,110 | -30,779 | 113 | 3 | 158,773 | 3,064 |
Ending balance (in shares) at Dec. 31, 2011 | ' | ' | ' | ' | 22,697,844 | ' | ' |
Issuance of Gaiam, Inc. common stock in conjunction with acquisitions and share-based compensation | 1,011 | 1,011 | ' | ' | ' | 1,011 | ' |
Issuance of Gaiam, Inc. common stock in conjunction with acquisitions and share-based compensation (in shares) | ' | ' | ' | ' | 32,620 | ' | ' |
Adjustment due to subsidiary's acquisition of a noncontrolling interest, including taxes of $16 | -163 | -170 | ' | ' | ' | -170 | 7 |
Subsidiary's dividend to noncontrolling interest | -583 | ' | ' | ' | ' | ' | -583 |
Comprehensive income (loss) | -12,567 | -12,877 | -12,882 | 5 | ' | ' | 310 |
Ending balance at Dec. 31, 2012 | 118,872 | 116,074 | -43,661 | 118 | 3 | 159,614 | 2,798 |
Ending balance (in shares) at Dec. 31, 2012 | ' | ' | ' | ' | 22,730,464 | ' | ' |
Issuance of Gaiam, Inc. common stock in conjunction with acquisitions and share-based compensation | 8,261 | 8,261 | ' | ' | ' | 8,261 | ' |
Issuance of Gaiam, Inc. common stock in conjunction with acquisitions and share-based compensation (in shares) | ' | ' | ' | ' | 1,264,657 | ' | ' |
Noncontrolling interest portion of subsidiary's business combinations | 426 | ' | ' | ' | ' | ' | 426 |
Comprehensive income (loss) | -22,269 | -22,903 | -22,752 | -151 | ' | ' | 634 |
Ending balance at Dec. 31, 2013 | $105,290 | $101,432 | ($66,413) | ($33) | $3 | $167,875 | $3,858 |
Ending balance (in shares) at Dec. 31, 2013 | ' | ' | ' | ' | 23,995,121 | ' | ' |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Equity (Parenthetical) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 |
Subsidiary's equity consideration in conjunction with an acquisition, Taxes | ' | $877 |
Adjustment due to subsidiary's acquisition of a noncontrolling interest, taxes | $16 | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Operating activities: | ' | ' | ' | |||
Net income (loss) | ($22,093) | [1] | ($12,577) | [2],[3] | ($25,270) | [2] |
Income (loss) from discontinued operations | 1,995 | [1] | -6,648 | [2],[3] | -3 | [2] |
Income (loss) from continuing operations | -20,098 | [1] | -19,225 | [2],[3] | -25,273 | [2] |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ' | ' | ' | |||
Depreciation | 2,301 | [1] | 2,107 | [3] | 2,779 | |
Amortization | 1,659 | [1] | 1,946 | [3] | 2,150 | |
Share-based compensation expense | 809 | [1] | 913 | [3] | 1,540 | |
Deferred and stock option income tax expense (benefit) | 23,861 | [1] | -6,120 | [3] | -11,438 | |
(Gain) loss on translation of foreign currency | 42 | [1] | -76 | [3] | 55 | |
(Gain) on equity method investment | -25,096 | [1] | 18,410 | [3] | ' | |
Income from collection of note receivable | -2,300 | [1] | ' | ' | ||
Impairment loss and other expenses | 9,194 | [1] | ' | 22,456 | ||
Loss on deconsolidation of subsidiary | ' | ' | 4,550 | [2] | ||
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions: | ' | ' | ' | |||
Accounts receivable, net | -2,072 | [1] | -3,628 | [3] | 2,785 | |
Inventory, net | 1,097 | [1] | 1,645 | [3] | 653 | |
Deferred advertising costs | 508 | [1] | 42 | [3] | -263 | |
Advances | -44 | [1] | 2,847 | [3] | -934 | |
Other current assets | -2,843 | [1] | -6,228 | [3] | -3,309 | |
Accounts payable | -4,407 | [1] | 1,463 | [3] | 5,243 | |
Participations payable | 1,045 | [1] | -4,674 | [3] | 4,209 | |
Accrued liabilities | 789 | [1] | 9,472 | [3] | -1,668 | |
Net cash provided by (used in) operating activities - continuing operations | -15,555 | [1] | -1,106 | [3] | 3,535 | |
Net cash provided by (used in) operating activities - discontinued operations | -7,569 | [1] | 17,582 | [3] | 1,705 | |
Net cash provided by (used in) operating activities | -23,124 | [1] | 16,476 | [3] | 5,240 | |
Investing activities: | ' | ' | ' | |||
Net proceeds from sale of investment | 25,096 | [1] | ' | ' | ||
Collection from (loan to) related party | 2,100 | [1] | -830 | [3] | ' | |
Purchase of property, equipment and media rights | -3,386 | [1] | -3,723 | [3] | -4,392 | |
Proceeds from sale of business | 47,500 | [1] | ' | ' | ||
Purchase of businesses | -6,333 | [1] | -146 | [3] | ' | |
Collection of note receivable | ' | ' | 2,700 | |||
Cash from acquired business | ' | ' | 3,416 | |||
Change in restricted cash | ' | ' | 730 | |||
Deconsolidation of Real Goods Solar | ' | ' | -11,812 | |||
Net cash provided by (used in) investing activities - continuing operations | 64,977 | [1] | -4,699 | [3] | -9,358 | |
Net cash provided by (used in) investing activities - discontinued operations | ' | -13,491 | [3] | -1,435 | ||
Net cash provided by (used in) investing activities | 64,977 | [1] | -18,190 | [3] | -10,793 | |
Financing activities: | ' | ' | ' | |||
Net proceeds from issuance of stock and tax benefits from option exercises | 777 | [1] | ' | 77 | ||
Payment of dividends | ' | -583 | [3] | ' | ||
Repurchase of Class A common stock, including related costs | ' | ' | -2,264 | |||
Subsidiary's repurchase of its Class A common stock, including related costs | ' | ' | -1,070 | |||
Net cash provided by (used in) financing activities - continuing operations | 777 | [1] | -583 | [3] | -3,257 | |
Net cash provided by (used in) financing activities - discontinued operations | -19,967 | [1] | -2,472 | [3] | -5,373 | |
Net cash provided by (used in) financing activities | -19,190 | [1] | -3,055 | [3] | -8,630 | |
Effect of exchange rates on cash | -292 | [1] | 82 | [3] | -45 | |
Net increase (decrease) in cash | 22,371 | [1] | -4,687 | [3] | -14,228 | |
Cash at beginning of year | 9,858 | [1],[3] | 14,545 | [3] | 28,773 | |
Cash at end of year | 32,229 | [1] | 9,858 | [1],[3] | 14,545 | [3] |
Supplemental cash flow information: | ' | ' | ' | |||
Interest paid | 442 | [1] | 468 | [3] | 195 | |
Income taxes paid | 577 | [1] | 673 | [3] | 531 | |
Liabilities and debt assumed from acquisitions | $337 | [1] | $14,277 | [3] | $21,709 | |
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||||
[2] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | |||||
[3] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. |
Consolidated_Statements_of_Cas1
Consolidated Statements of Cash Flows (Parenthetical) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | |||
Gain from sale and closure of business | $25,000,000 | [1] | ' | |
Net cash provided by (used in) operating activities - discontinued operations | -7,569,000 | [1] | 17,582,000 | [2] |
Gaiam Vivendi Entertainments | ' | ' | ||
Net cash provided by (used in) operating activities - discontinued operations | ' | 18,700,000 | [2] | |
Net cash from operating activities, excluding net cash flows from purchased subsidiary working capital | ' | $0 | [2] | |
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||
[2] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. |
Organization_Nature_of_Operati
Organization, Nature of Operations, and Principles of Consolidation | 12 Months Ended |
Dec. 31, 2013 | |
Organization, Nature of Operations, and Principles of Consolidation | ' |
1. Organization, Nature of Operations, and Principles of Consolidation | |
References in this report to “we”, “us”, “our” or “Gaiam” refer to Gaiam, Inc. and its consolidated subsidiaries, unless we indicate otherwise. We are a lifestyle media company providing a broad selection of information, media, products and services to customers who value personal development, wellness, ecological lifestyles, and responsible media. We were incorporated under the laws of the State of Colorado on July 7, 1988. | |
We have prepared the accompanying consolidated financial statements in accordance with accounting principles generally accepted in the United States, or GAAP, and they include our accounts and those of our subsidiaries. Intercompany transactions and balances have been eliminated. | |
Discontinued Operations | |
During 2013, we sold our non-branded entertainment media distribution operation and discontinued our DRTV operations. Accordingly, the assets and liabilities, operating results, and cash flows for these businesses are presented as discontinued operations, separate from our continuing operations, for all periods presented in these consolidated financial statements and footnotes, unless indicated otherwise. See Note 12. Discontinued Operations. | |
Investment in Real Goods Solar – Reporting Changes | |
On December 31, 2011, we converted our Real Goods Solar Class B common shares, which had ten votes per share, to Real Goods Solar Class A common shares, which have one vote per share. As a result of this conversion, our voting ownership decreased to 37.5% and, thus, we no longer had financial control of or made decisions about resources to be allocated to this investee, but retained significant financial influence. Since Real Goods Solar was not deconsolidated until the end of 2011, our consolidated statements of operations and cash flows reflect Real Goods Solar on a consolidated basis for the year ended December 31, 2011, except for the removal of Real Goods Solar’s cash balance at December 31, 2011. On May 28, 2013, we sold a portion of our investment in Real Goods Solar, reducing our voting ownership percentage to below 20%. Additionally, following this sale, our Chairman resigned as Chairman of RSOL’s board, and, thus, we no longer had significant influence over Real Goods Solar. Therefore, we changed our accounting for our investment in RSOL from the equity to cost method, and, consequently, going forward we no longer report our portion of RSOL’s net earnings or losses each year. See Note 3. Related Party Transactions. |
Significant_Accounting_Policie
Significant Accounting Policies | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Significant Accounting Policies | ' | ||||||||||||
2. Significant Accounting Policies | |||||||||||||
No changes were made to our significant accounting policies during the year ended December 31, 2013. | |||||||||||||
We have evaluated events subsequent to December 31, 2013 and concluded that no material event has occurred which either would impact the results reflected in this report or our results going forward. | |||||||||||||
Cash | |||||||||||||
Cash represents on-demand accounts and letters of credit deposit funds with financial institutions that are denominated in U.S. dollars and foreign currencies. On December 31, 2013, we had letters of credit deposit funds reported in cash on our balance sheets of $0.5 million. At each balance sheet date, cash on hand that is denominated in a foreign currency is adjusted to reflect the exchange rate that existed at the balance sheet date. The difference is reported as a gain or loss in our statement of operations each period. Historically, such gains or losses have been immaterial. | |||||||||||||
Concentration of Risk and Allowances for Doubtful Accounts | |||||||||||||
We have a concentration of credit risk in our accounts receivable because our top customer, Target, accounted for 43.6% and 54.5% of accounts receivable, net as of December 31, 2013 and 2012, respectively. This customer is a major retailer in the United States to which we made significant sales during the year-end holiday season. | |||||||||||||
We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. We make estimates of the collectability of our accounts receivable by analyzing historical bad debts, specific customer creditworthiness, and current economic trends. The allowance for doubtful accounts was $0.6 million and $0.6 million as of December 31, 2013 and 2012, respectively. If the financial condition of our customers were to deteriorate such that their ability to make payments to us was impaired, additional allowances could be required. | |||||||||||||
Product Returns | |||||||||||||
We record allowances for product returns to be received in future periods at the time we recognize the original sale. We base the amounts of the returns allowances upon historical experience and future expectations. Our allowance for product returns was $1.6 million and $2.6 million as of December 31, 2013 and 2012, respectively. | |||||||||||||
Inventory | |||||||||||||
Inventory consists primarily of finished goods held for sale and is stated at the lower of cost (first-in, first-out method) or market. We identify the inventory items to be written down for obsolescence based on the item’s current sales status and condition. We write down discontinued or slow moving inventories based on an estimate of the markdown to retail price needed to sell through our current stock level of the inventories. As of December 31, 2013 and 2012, we estimated obsolete or slow-moving inventory to be $2.1 million and $1.5 million, respectively. | |||||||||||||
Advertising Costs | |||||||||||||
Deferred advertising costs relate to the preparation, printing, advertising and distribution of catalogs. We defer such costs for financial reporting purposes until the catalogs are distributed, and then we amortize these costs over succeeding periods on the basis of estimated direct relationship sales. We amortize our seasonal catalogs within six months. Forecasted sales are the principal factor we use in estimating the amortization rate. We expense other advertising and promotional costs as incurred. Amounts recorded as advertising expense were $15.3 million, $13.6 million, and $27.2 million for the years ended December 31, 2013, 2012, and 2011, respectively, and we include these amounts in selling and operating expense. | |||||||||||||
We record sales discounts or other sales incentives as a reduction to revenue. We identify and record any cooperative advertising expenses we pay, which are for advertisements meeting the separable benefit and fair value tests, as part of selling and operating expense. | |||||||||||||
Property and Equipment | |||||||||||||
We state property and equipment at cost less accumulated depreciation and amortization. We include in property and equipment the cost of internal-use software, including software used in connection with our websites. We expense all costs related to the development of internal-use software other than those incurred during the application development stage. We capitalize the costs we incur during the application development stage and amortize them over the estimated useful life of the software, which is typically three years. We compute depreciation of property and equipment on the straight-line method over estimated useful lives, generally three to forty-five years. We amortize leasehold and building improvements over the shorter of the estimated useful lives of the assets or the remaining term of the lease or remaining life of the building, respectively. | |||||||||||||
Investments | |||||||||||||
We account for investments in equity securities that have readily determinable fair values that are not trading securities as available-for-sale securities. Unrealized changes in the fair value of an available-for-sale security are reported in accumulated other comprehensive income, net of tax, until disposed of or determined to be other-than-temporarily impaired, at which time the realized changes are reported in our statement of operations. At December 31, 2013, we had an equity investment with an estimated fair value of $1.3 million, based on its public stock trading price on that date, reported in other assets on our consolidated balance sheet. | |||||||||||||
Purchase Accounting | |||||||||||||
We account for the attainment of a controlling interest in a business using the acquisition method. In determining the estimated fair value of certain acquired assets and liabilities, we make assumptions based upon many different factors, such as historical and other relevant information and analyses performed by independent parties. Assumptions may be incomplete, and unanticipated events and circumstances may occur that could affect the validity of such assumptions, estimates, or actual results. | |||||||||||||
Media Library | |||||||||||||
Our media library asset represents the estimated fair value of both video and digital rights acquired through either business combinations or separate purchases and our capitalized cost to produce media products, all of which we market to retailers and our direct customers. We have presented the media library net of accumulated amortization of approximately $13.6 million and $27.2 million at December 31, 2013 and 2012, respectively, and is amortized over the estimated useful life of the titles, which range from five to fifteen years. Additionally, during 2014 we anticipate incurring approximately $3.0 million in royalties related to acquired and produced media content. | |||||||||||||
Capitalized media library production costs consist of costs incurred to produce the media content, net of accumulated amortization. We recognize these costs, as well as participation costs, as expenses on an individual title basis equal to the ratio that the current year’s gross revenues bear to our estimate of total ultimate gross revenues from all sources to be earned over a maximum seven-year period. We state capitalized production costs at the lower of unamortized cost or estimated fair value on an individual title basis. We continually review revenue forecasts, based primarily on historical sales statistics, and revise these forecasts when warranted by changing conditions. When estimates of total revenues and other events or changes in circumstances indicate that a title has an estimated fair value that is less than its unamortized cost, we recognize an impairment loss in the current period for the amount by which the unamortized cost exceeds the title’s estimated fair value. | |||||||||||||
During 2013, capitalized production cost for released titles was approximately $1.5 million, and for those titles not yet released was $0.1 million. Additionally, as of December 31, 2013, we estimate that approximately $1.6 million or 42.5% of the unamortized costs for released titles will be amortized during 2014, and approximately 86.3% of the unamortized costs for released titles will be amortized within the next three years. Accumulated amortization for capitalized produced media content at December 31, 2013 and 2012 was approximately $13.5 million and $15.3 million, respectively. Amortization expense for capitalized produced media content for the years ended December 31, 2013, 2012 and 2011 was $788 thousand, $900 thousand and $1.0 million, respectively. | |||||||||||||
Our acquired media rights have $1.4 million of remaining unamortized costs as of December 31, 2013 that will be amortized on a straight-line basis over 12 to 84 months. Amortization expense for acquired media rights for the years ended December 31, 2013, 2012, and 2011 was $553 thousand, $772 thousand, and $752 thousand, respectively. Based upon the acquired media titles and rights at December 31, 2013, we expect the annual amortization expense for the next five years to approximate $150 thousand per annum. | |||||||||||||
Based on total media library costs at December 31, 2013 and assuming no subsequent impairment of the underlying assets or a material increase in the video productions or media acquired, we expect the amortization expense for the next five years to be approximately $1.0 million per annum. | |||||||||||||
Goodwill and Other Intangibles | |||||||||||||
Goodwill represents the excess of the purchase consideration over the estimated fair value of assets acquired less liabilities assumed in a business acquisition. Our other intangibles consist of customer related assets. We review goodwill for impairment annually or more frequently if impairment indicators arise on a goodwill reporting unit level. We have the option of first assessing qualitative factors to determine whether events and circumstances indicate that it is more likely than not that the fair value of a goodwill reporting unit is less than its carrying amount. If it is determined that the fair value for a goodwill reporting unit is more likely than not greater than the carrying amount for that goodwill reporting unit, then the two-step impairment test is unnecessary. If it is determined that the two-step impairment test is necessary, then for step one, we compare the estimated fair value of a goodwill reporting unit with its carrying amount, including goodwill. If the estimated fair value of a goodwill reporting unit exceeds its carrying amount, we consider the goodwill of the reporting unit not impaired. If the carrying amount of a goodwill reporting unit exceeds its estimated fair value, we perform the second step of the goodwill impairment test to measure the amount of impairment loss. We use either a comparable market approach or a traditional present value method to test for potential impairment. The process of evaluating the potential impairment of goodwill is highly subjective and requires significant judgment at many points during the analysis. Application of alternative assumptions and definitions could yield significantly different results. | |||||||||||||
The following table sets forth the changes in goodwill for the period December 31, 2011 through December 31, 2013 by segment. | |||||||||||||
(in thousands) | Direct to | Business | Total | ||||||||||
Consumer | Segment | ||||||||||||
Segment | |||||||||||||
Balance at December 31, 2011 and 2012 | $ | 2,673 | $ | — | $ | 2,673 | |||||||
Acquisitions (a) | 11,326 | — | 11,326 | ||||||||||
Balance at December 31, 2013 | $ | 13,999 | $ | — | $ | 13,999 | |||||||
(a) | The estimated purchase price and fair value of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the closing date. We believe that information provides a reasonable basis for estimating the consideration transferred and the fair values of the assets acquired and liabilities assumed, but we are waiting for additional information necessary to finalize the amounts and identify separable intangibles. Therefore, the provisional purchase price allocations are subject to change and such changes could be significant. | ||||||||||||
The following table represents our other intangibles subject to amortization by major class as of December 31, 2013 and 2012. | |||||||||||||
As of December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||
Customer related: | |||||||||||||
Gross carrying amount | $ | 1,818 | $ | 649 | |||||||||
Accumulated amortization | (743 | ) | (463 | ) | |||||||||
$ | 1,075 | $ | 186 | ||||||||||
Marketing related: | |||||||||||||
Gross carrying amount | $ | 656 | $ | 576 | |||||||||
Accumulated amortization | (576 | ) | (572 | ) | |||||||||
$ | 80 | $ | 4 | ||||||||||
The amortization periods range from 24 to 84 months. Amortization expense for the years ended December 31, 2013, 2012, and 2011 was $321 thousand, $228 thousand, and $454 thousand, respectively. Based on the December 31, 2013 balance of other intangibles, we estimate amortization expense to be $493 thousand for 2014, $467 thousand for 2015, $195 thousand for 2016, and zero thereafter. | |||||||||||||
Long-Lived Assets | |||||||||||||
We evaluate the carrying value of long-lived assets held and used, other than goodwill, when events or changes in circumstances indicate the carrying value may not be recoverable. We consider the carrying value of a long-lived asset impaired when the total projected undiscounted cash flows from such asset are separately identifiable and are less than the carrying value. We recognize a loss based on the amount by which the carrying value exceeds the estimated fair value of the long-lived asset. We determine the estimated fair value primarily using the projected cash flows from the asset discounted at a rate commensurate with the risk involved. | |||||||||||||
Participations Payable | |||||||||||||
Participations payable represents amounts owed to talent involved with our media productions based on royalty or distribution agreements. Certain agreements include minimum royalty payments. All amounts due under such agreements are accrued at the time the related revenue is recognized. | |||||||||||||
Income Taxes | |||||||||||||
We provide for income taxes pursuant to the liability method. The liability method requires recognition of deferred income taxes based on temporary differences between financial reporting and income tax bases of assets and liabilities, using current enacted income tax rates and regulations. These differences will result in taxable income or deductions in future years when the reported amount of the asset or liability is recovered or settled, respectively. Considerable judgment is required in determining when these events may occur and whether recovery of an asset, including the utilization of a net operating loss or other carryforward prior to its expiration, is more likely than not. | |||||||||||||
Revenue | |||||||||||||
Revenue primarily consists of sales of products, media licensing, and media distribution. We recognize revenue from the sale of products and the licensing of media when the following four basic criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) the seller’s price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. We recognize distribution fees from our media distribution arrangements on a net revenue basis. For these media distribution sales, we do not take title to the related product sold as the inventory is owned by the studios or content producers and sold by us under distribution agent agreements. We recognize amounts billed to customers for postage and handling as revenue at the same time we recognize the revenue arising from the product sale. We present revenue net of taxes collected from customers. | |||||||||||||
Prior to 2012, we also recognized revenue from Real Goods Solar’s energy integration fixed price contracts. For energy system installations of less than 100 kilowatts, we recognized revenue when the installation was substantially complete, determined based on departure from the job site following completion of the installation or passing of building inspection, while for energy system installations equal to or greater than 100 kilowatts, we recognized revenue on a percentage-of-completion basis, with the extent of progress towards completion measured by the cost to cost method. | |||||||||||||
Share-Based Compensation | |||||||||||||
We recognize compensation cost for share-based awards based on the estimated fair value of the award on date of grant. We measure compensation cost at the grant date based on the estimated fair value of the award and recognize compensation cost upon the probable attainment of a specified performance condition or over a service period. We use the Black-Scholes option valuation model to estimate the fair value of the award. In estimating this fair value, we use certain assumptions, as disclosed in Note 8. Share-Based Compensation, consisting of the expected life of the option, risk-free interest rate, dividend yield, and volatility. The use of a different estimate for any one of these components could have a material impact on the amount of calculated compensation expense. | |||||||||||||
Defined Contribution Plan | |||||||||||||
We have adopted a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code of 1986, as amended (“Internal Revenue Code”), which covers substantially all employees. Eligible employees may contribute amounts to the plan, via payroll withholding, subject to certain limitations. The 401(k) plan permits, but does not require, us to make additional matching contributions to the 401(k) plan on behalf of all participants in the 401(k) plan. We match 50% of an employee’s contribution, up to an annual maximum matching contribution of $1,500. We made matching contributions to the 401(k) plan of $0.3 million, $0.2 million, and $0.2 million in each of the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||
Foreign Currency Translation | |||||||||||||
Our foreign subsidiaries use their local currency as their functional currency. We translate assets and liabilities into U.S. dollars at exchange rates in effect at the balance sheet date. We translate income and expense accounts at the average monthly exchange rates during the year. We record resulting translation adjustments, net of income taxes, as a separate component of accumulated other comprehensive income. | |||||||||||||
Comprehensive Income (Loss) | |||||||||||||
Our comprehensive income (loss) is comprised of our net income (loss), noncontrolling interest net income (loss), foreign currency translation adjustments, net of tax, and unrealized changes in the fair value of an equity security, net of tax. | |||||||||||||
The tax effects allocated to our accumulated other comprehensive income (loss) components were as follows: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Before-tax amount | $ | (262 | ) | $ | 14 | $ | (3 | ) | |||||
Tax expense (benefit) | (86 | ) | 4 | (1 | ) | ||||||||
Net-of-tax amount | $ | (176 | ) | $ | 10 | $ | (2 | ) | |||||
Net Income (Loss) Per Share Attributable To Gaiam, Inc. Common Shareholders | |||||||||||||
Basic net income (loss) per share attributable to Gaiam, Inc. common shareholders excludes any dilutive effects of options. We compute basic net income (loss) per share attributable to Gaiam, Inc. common shareholders using the weighted average number of common shares outstanding during the period. We compute diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders using the weighted average number of common shares and common stock equivalents outstanding during the period. We excluded weighted average common stock equivalents of 1,439,748, 1,387,000 and 1,306,000 from the computation of diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders for 2013, 2012 and 2011, respectively, because their effect was antidilutive. | |||||||||||||
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||||
Net income (loss) attributable to Gaiam, Inc. common shareholders: | |||||||||||||
Income (loss) from continuing operations | $ | (20,757 | ) | $ | (19,530 | ) | $ | (24,875 | ) | ||||
Income from discontinued operations | (1,995 | ) | 6,648 | 3 | |||||||||
Net income (loss) attributable to Gaiam, Inc. | $ | (22,752 | ) | $ | (12,882 | ) | $ | (24,872 | ) | ||||
Weighted average shares for basic net income (loss) per share | 22,972 | 22,703 | 23,126 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Weighted average of common stock and stock options | 143 | — | — | ||||||||||
Weighted average shares for diluted net income (loss) per share | 23,115 | 22,703 | 23,126 | ||||||||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders—basic: | |||||||||||||
Income (loss) from continuing operations | $ | (0.90 | ) | $ | (0.86 | ) | $ | (1.08 | ) | ||||
Income from discontinued operations | (0.09 | ) | 0.29 | 0 | |||||||||
Basic net income (loss) per share attributable to Gaiam, Inc. | $ | (0.99 | ) | $ | (0.57 | ) | $ | (1.08 | ) | ||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders—diluted: | |||||||||||||
Income (loss) from continuing operations | $ | (0.89 | ) | $ | (0.86 | ) | $ | (1.08 | ) | ||||
Income from discontinued operations | (0.09 | ) | 0.29 | 0 | |||||||||
Diluted net income (loss) per share attributable to Gaiam, Inc. | $ | (0.98 | ) | $ | (0.57 | ) | $ | (1.08 | ) | ||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions | ' |
3. Related Party Transactions | |
Under our Intercorporate Services Agreement with Real Goods Solar, we had until September 30, 2013 provided services to RSOL in the ordinary course of business, for which we at least quarterly billed to and collected from Real Goods Solar. This agreement was terminated on December 19, 2013. We billed zero, $0.3 million, and $0.4 million under the Intercorporate Services Agreement for the years 2013, 2012, and 2011, respectively. | |
As specified by our Tax Sharing Agreement with Real Goods Solar, to the extent Real Goods Solar becomes entitled to utilize certain loss carryforwards relating to periods prior to its initial public offering, it will distribute to us the tax effect (estimated to be 34% for federal income tax purposes) of the amount of such tax loss carryforwards so utilized. These net operating loss carryforwards expire beginning in 2018 if not utilized. Due to our step acquisitions of Real Goods Solar, it experienced “ownership changes” as defined in Section 382 of the Internal Revenue Code. Accordingly, its use of the net operating loss carryforwards is limited by annual limitations described in Sections 382 and 383 of the Internal Revenue Code. As of December 31, 2013, $4.4 million of these net operating loss carryforwards remained available for current and future utilization, meaning that Real Goods Solar’s potential future payments to us, which would be made over a period of several years, could therefore aggregate to approximately $1.6 million based on current tax rates. Based on Real Goods Solar’s establishment of a valuation allowance for all its net deferred tax assets at December 31, 2012, we established a valuation allowance, by charging loss from equity method investment in 2012, for our entire $1.6 million deferred tax asset related to our Tax Sharing Agreement with Real Goods Solar. | |
On December 19, 2011, we entered into an Industrial Building Lease Agreement with Real Goods Solar for office space located in our owned building in Colorado. The five year lease commenced on January 1, 2012 and has a monthly payment of approximately $22,000 plus common area maintenance and tax expenses. | |
During 2013, we sold the majority of our investment in Real Goods Solar for total net proceeds of approximately $25 million. Following the sale of the first portion in May 2013, our voting ownership percentage declined to below 20% and our Chairman resigned as Chairman of RSOL’s board and, thus, we no longer had significant influence over Real Goods Solar. Therefore, we changed our accounting for our investment in RSOL from the equity to cost method. Due to this accounting method change, we will no longer report our portion of RSOL’s net income or loss each period. | |
At December 31, 2012, we had two loans receivable from Real Goods Solar totaling $2.7 million, bearing interest at an annual rate of 10%. During 2012, Real Goods Solar recorded an impairment and, through the equity method accounting for our investment in RSOL, the net carrying value of these loans was reduced to zero as of December 31, 2012. On March 27, 2013, the maturity dates for these loans were extended, with $1.0 million due April 26, 2014 and $1.7 million due April 30, 2014. On April 23, 2013, we entered into a conversion agreement with Real Goods Solar whereby the $1.7 million loan was reduced by $0.1 million in exchange for 62,111 shares of Real Goods Solar’s Class A common stock. The conversion ratio was determined based on the closing market price of Real Goods Solar’s Class A common stock on the date of the conversion. On November 5, 2013, we collected $2.1 million in cash from Real Goods Solar and $0.2 million of tenant improvements in settlement of the two outstanding loans made. The $2.3 million gain resulting from the collection of these loans are reported in Interest and other income on our consolidated statement of operations for the year ended December 31, 2013. | |
As of December 31, 2013, we owned 836,989 shares of Real Goods Solar’s Class A common stock. |
Property_and_Equipment
Property and Equipment | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property and Equipment | ' | ||||||||
4. Property and Equipment | |||||||||
Property and equipment, stated at lower of cost or estimated fair value, consists of the following as of December 31: | |||||||||
(in thousands) | 2013 | 2012 | |||||||
Land | $ | 5,603 | $ | 5,582 | |||||
Buildings | 16,637 | 16,366 | |||||||
Furniture, fixtures and equipment | 6,839 | 6,213 | |||||||
Leasehold improvements | 1,622 | 1,633 | |||||||
Website development costs and other software | 9,919 | 10,015 | |||||||
Studios, computer and telephone equipment | 9,182 | 9,292 | |||||||
Warehouse and distribution equipment | 1,765 | 1,765 | |||||||
51,567 | 50,866 | ||||||||
Accumulated depreciation and amortization | (29,027 | ) | (27,322 | ) | |||||
$ | 22,540 | $ | 23,544 | ||||||
Accrued_Liabilities
Accrued Liabilities | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Accrued Liabilities | ' | ||||||||
5. Accrued Liabilities | |||||||||
Accrued liabilities consist of the following as of December 31: | |||||||||
(in thousands) | 2013 | 2012 | |||||||
Accrued compensation | $ | 5,500 | $ | 2,031 | |||||
Customer deposits | 8,478 | 6,086 | |||||||
Other accrued liabilities | 3,525 | 1,367 | |||||||
$ | 17,503 | $ | 9,484 | ||||||
Accrued compensation at December 31, 2013 included severance and termination benefits of $2.5 million. |
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Commitments and Contingencies | ' | ||||
6. Commitments and Contingencies | |||||
Operating Leases | |||||
We lease office and warehouse space through operating leases. Some of the leases have renewal clauses, which range from 3 to 6 years. | |||||
The following schedule represents the annual future minimum payments under these commitments, as of December 31, 2013: | |||||
(in thousands) | Operating | ||||
2014 | $ | 1,848 | |||
2015 | 1,112 | ||||
2016 | 325 | ||||
2017 | — | ||||
Total minimum lease payments | $ | 3,285 | |||
As a result of our divestiture of our non-branded entertainment media operations and our discontinuance of DRTV operations, in the fourth quarter of 2013 we closed our office in New York, NY and recognized an expense representing the cumulative remaining obligation under that lease agreement, net of expected recoveries from sublease agreements. The previous table reflects the future minimum payments we are obligated to make on this lease agreement. | |||||
We incurred rent expense of $1.0 million, $1.0 million and $1.5 million for the years ended December 31, 2013, 2012 and 2011, respectively. | |||||
Risks and Uncertainties | |||||
We are subject to risks and uncertainties in the normal course of our business, including legal proceedings; governmental regulation, such as the interpretation of tax and labor laws; and consumer sensitivity to changes in general economic conditions. We have accrued for probable and estimatable costs that may be incurred with respect to identified risks and uncertainties based upon the facts and circumstances currently available to us. Due to uncertainties in the estimating process, actual costs could vary from those accruals. |
Equity
Equity | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Equity | ' | ||||||||
7. Equity | |||||||||
During 2013, we issued, under our 2009 Long-Term Incentive Plan, 49,187 and 160,470 shares of our Class A common stock to our independent directors, in lieu of cash compensation, for services rendered during 2013, and to our employees upon the exercise of stock options, respectively. We recorded the shares issued to our directors at their estimated fair value based on the market’s closing price of our stock on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered. | |||||||||
On October 11, 2013, we issued 15,759 shares of our Class A common stock under restricted stock award agreements of the same date to certain of our former board directors. See Footnote 8. Share-Based Compensation. On October 31, 2013, we issued 1,055,000 shares of our Class A common stock into escrow as part of the consideration transferred for an acquisition. | |||||||||
During 2012, we issued 32,620 shares of our Class A common stock under our 2009 Long-Term Incentive Plan to certain of our independent directors, in lieu of cash compensation, for services rendered in 2012. We recorded these shares at their estimated fair value based on the market’s closing price of our stock on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered. Additionally, our adventure travel subsidiary, which is 51.4% owned by us, paid its shareholders dividends of $0.7 million from additional paid-in capital and $0.5 million from retained earnings, and, as a result, the noncontrolling interests on our consolidated balance sheet at December 31, 2012 was decreased by $0.6 million. | |||||||||
During 2011, we issued 11,518 of our Class A common shares under our 2009 Long-Term Incentive Plan to our independent directors, in lieu of cash compensation, for services rendered in 2011, and issued 15,200 of our Class A common shares upon exercise of options under our 1999 Long-Term Incentive Plan. We value the shares issued to our independent directors at estimated fair value based on the closing price of our stock on the date the shares are issued, which by policy is the last trading day of each quarter in which the services were rendered. Additionally, we repurchased 628,003 of our Class A common shares for a total cost of $2.3 million. We recorded this repurchase of our shares in accordance with the cost method of accounting for treasury stock. Because we have not decided the ultimate disposition of the re-acquired shares, their cost is reflected in our consolidated balance sheet at December 31, 2011 as a reduction to additional paid-in capital. | |||||||||
On December 31, 2011, we converted our Real Goods Solar Class B common shares, which had ten votes per share, to Real Goods Solar Class A common shares, which have one vote per share. As a result of this conversion, our voting ownership decreased to 37.5% and, thus, we no longer had financial control of Real Goods Solar, but retained significant financial influence. Accordingly, we deconsolidated Real Goods Solar from our equity by removing the noncontrolling interest in Real Goods Solar at December 31, 2011 and increasing additional paid-in capital for a portion of the adjustment to a deferred tax liability related to this investment. | |||||||||
During May 2013, as a result of a decrease in our voting ownership to less than 20% and the resignation of our chairman from his position as Chairman of the Board for Real Goods Solar, we changed the accounting for our investment in Real Goods Solar from the equity to cost method. Thus, our consolidated balance sheet data at December 31, 2013 and our consolidated statement of operations data for 2013 reports Real Goods Solar as a cost method investment. | |||||||||
The following schedule reflects the effect of changes in Gaiam, Inc.’s ownership interest in its subsidiaries on Gaiam, Inc.’s equity for the years ended December 31, 2012 and 2011, respectively. There were no changes to Gaiam, Inc.’s equity during 2013 as a result of converting our accounting for our investment in Real Goods Solar from the equity to cost method. | |||||||||
For the Year Ended December 31, | |||||||||
(in thousands, except share data) | 2012 | 2011 | |||||||
Net income (loss) attributable to Gaiam, Inc. | $ | (12,882 | ) | $ | (24,872 | ) | |||
Transfers from the noncontrolling interest: | |||||||||
Decrease in Gaiam, Inc.’s paid-in capital for its subsidiary’s acquisition of a noncontrolling interest, including related taxes of $16 | (170 | ) | — | ||||||
Increase in Gaiam, Inc.’s paid-in capital for the issuance of 29,408 Real Goods Solar Class A common shares in conjunction with nonemployee director fees, and for employee share-based compensation | — | 193 | |||||||
Increase in Gaiam, Inc.’s paid-in capital for the issuance of 8,700,000 Real Goods Solar Class A common shares in conjunction with its acquisition of Alteris | — | 1,716 | |||||||
Decrease in Gaiam, Inc.’s paid-in capital for Real Goods Solar’s repurchase of 379,400 of its Class A common shares | — | (125 | ) | ||||||
Increase in Gaiam, Inc.’s paid-in capital in conjunction with the remeasurement of deferred tax liabilities related to our equity investment in Real Goods Solar upon deconsolidation | — | 562 | |||||||
Change from the net income (loss) attributable to Gaiam, Inc. and transfers from the noncontrolling interest | $ | (13,052 | ) | $ | (22,526 | ) | |||
As of December 31, 2012, we had the following Class A common shares reserved for future issuance: | |||||||||
Conversion of Class B common shares | 5,400,000 | ||||||||
Awards under the 2009 and 1999 Long-Term Incentive Plans: | |||||||||
Stock options outstanding | 1,662,450 | ||||||||
Total shares reserved for future issuance | 7,062,450 | ||||||||
Each holder of our Class A common shares is entitled to one vote for each share held on all matters submitted to a vote of shareholders. Each of our Class B common shares is entitled to ten votes on all matters submitted to a vote of shareholders. There are no cumulative voting rights. All holders of our Class A common shares and our Class B common shares vote as a single class on all matters that are submitted to the shareholders for a vote. Shareholders may consent to an action in writing and without a meeting under certain circumstances. Jirka Rysavy, our chairman, holds 100% of our 5,400,000 outstanding shares of class B common stock and also owns 648,682 shares of Class A common stock. Consequently, our chairman holds approximately 75% of our voting stock and thus is able to exert substantial influence over us and to control matters requiring approval by our shareholders, including the election of directors, increasing our authorized capital stock, or a merger or sale of substantially all of our assets. As a result of Mr. Rysavy’s control of us, no change of control can occur without Mr. Rysavy’s consent. | |||||||||
Our Class A common shares and our Class B common shares are entitled to receive dividends, if any, as may be declared by the board of directors out of legally available funds. In the event of a liquidation, dissolution or winding up of our Company, our Class A common shares and our Class B common shares are entitled to share ratably in our assets remaining after the payment of all of our debts and other liabilities. Holders of our Class A common shares and our Class B common shares have no preemptive, subscription or redemption rights, and there are no redemption or sinking fund provisions applicable to our Class A common shares and our Class B common shares. | |||||||||
Our Class B common shares may not be transferred unless converted into our Class A common shares, other than certain transfers to affiliates, family members, and charitable organizations. Our Class B common shares are convertible one-for-one into our Class A common shares, at the option of the holder of the Class B common shares. | |||||||||
ShareBased_Compensation
Share-Based Compensation | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Share-Based Compensation | ' | ||||||||||||||||
8. Share-Based Compensation | |||||||||||||||||
During 2009, we adopted the Gaiam, Inc. 2009 Long-Term Incentive Plan (the “Plan”). The purpose of the Plan is to advance our interests and those of our shareholders by providing incentives to certain persons who contribute significantly to our strategic and long-term performance objectives and growth. An aggregate of not more than 3 million of our Class A common shares, subject to certain adjustments, may be issued under the Plan, and the Plan terminates no later than April 23, 2019. The authority to grant new options under our 1999 Long-Term Incentive Plan expired on June 1, 2009. We have generally granted options under both of our incentive plans with an exercise price equal to the closing market price of our stock at the date of the grant and the options normally vest and become exercisable at 2% per month for the 50 months beginning in the eleventh month after date of grant. We have recognized the compensation expense related to share-based payment awards on a straight-line basis over the requisite service periods of the awards, which are generally five years for employee options and two years for Board members’ options. Commencing with options granted during 2011, we extended the expiration date for grants from seven to ten years from the date of grant. | |||||||||||||||||
The determination of the estimated fair value of share-based payment awards on the date of grant using the Black-Scholes option-pricing model is affected by our stock price as well as assumptions regarding a number of complex and subjective variables. We derive the expected terms from the historical behavior of participant groupings. We base expected volatilities on the historically realized volatility of our stock over the expected term. Our use of historically realized volatilities is based upon the expectation that future volatility over the expected term is not likely to differ from historical results. We base the risk-free interest rate used in the option valuation model on U.S. Treasury zero-coupon issues with remaining terms similar to the expected term on the options. Our dividend yield assumes no annual cash dividends. In accordance with FASB share-based compensation guidance, we are required to estimate forfeitures at the time of grant and revise those estimates in subsequent periods if actual forfeitures differ from those estimates. We primarily use historical data by participant groupings to estimate option forfeitures and record share-based compensation expense only for those awards that are expected to vest. | |||||||||||||||||
The following are the variables we used in the Black-Scholes option pricing model to determine the estimated grant date fair value for options granted under our 2009 and 1999 Long-Term Incentive Plans for each of the years presented: | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Expected volatility | 57% - 61% | 59% | 58% - 61% | ||||||||||||||
Weighted-average volatility | 58% | 59% | 59% | ||||||||||||||
Expected dividends | —% | —% | 2.8% - 4.2% | ||||||||||||||
Expected term (in years) | 5.1 - 7.8 | 7.1 | 7.1 - 9.3 | ||||||||||||||
Risk-free rate | 1.33% - 2.32% | 1.36% - 1.61% | 1.50% - 3.13% | ||||||||||||||
The table below presents a summary of option activity under our 2009 and 1999 Long-Term Incentive Plans as of December 31, 2013, and changes during the year then ended: | |||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic | |||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Contractual | ||||||||||||||||
Term | |||||||||||||||||
Outstanding at January 1, 2013 | 1,406,450 | $ | 5.61 | ||||||||||||||
Granted | 527,500 | 5.3 | |||||||||||||||
Exercised | (160,470 | ) | 4.84 | ||||||||||||||
Cancelled or forfeited | (111,030 | ) | 4.63 | ||||||||||||||
Outstanding at December 31, 2013 | 1,662,450 | $ | 5.65 | 5.2 | $ | 2,049,536 | |||||||||||
Exercisable at December 31, 2013 | 912,390 | $ | 5.84 | 2.4 | $ | 1,104,611 | |||||||||||
On November 8, 2013, for 3 former board members, we extended the exercisability date of their outstanding options to the lesser of October 10, 2014 or the expiration date of their grants. These modifications resulted in total incremental share-based compensation cost of $0.1 million that was immediately recognizable. On March 5, 2012, for options previously granted under our 1999 Long-Term Incentive Plan that were scheduled to expire within the next two years, we extended the original expiration dates by two years. As a result, grants to 7 employees were modified and these modifications resulted in total incremental share-based compensation cost of approximately $0.1 million that was immediately recognizable. During 2009, for options previously granted under our 1999 Long-Term Incentive Plan to 49 employees, we reset the exercise price to $5.00 per share. The options continued to vest over their remaining original vesting periods. These 2009 repricing modifications resulted in total incremental share-based compensation cost of approximately $0.2 million, recognizable over 2009 through 2013. | |||||||||||||||||
We issue new shares upon the exercise of options. We received $0.8 million in cash from stock options exercised during 2013. No options were exercised during 2012. The weighted-average grant-date fair value of options granted during the years 2013, 2012, and 2011 was $3.14, $2.39, and $2.32, respectively. The total intrinsic value of options exercised during 2013 and 2011 was $0.1 million each year. The total fair value of shares vested was $0.6 million during 2013 and $0.8 million during each of 2012 and 2011. | |||||||||||||||||
On October 11, 2013, we issued 15,759 shares of our Class A common stock under restricted stock award agreements of the same date to certain of our former board members. The estimated fair value of these restricted stock awards was $0.1 million and was based on the closing market price of our stock on October 11, 2013. These restricted stock awards vest 100% on April 10, 2014. | |||||||||||||||||
Our share-based compensation cost charged against income was $0.8 million, $1.0 million, and $1.6 million during 2013, 2012, and 2011, respectively, and is shown in corporate, general and administration expenses. The portion of our share-based compensation expense related to Real Goods Solar was $0.5 million for 2011. The total income tax benefit recognized for share-based compensation was $0.3 million, $0.4 million, and $0.6 million for 2013, 2012, and 2011, respectively. As of December 31, 2013, there was $1.4 million of unrecognized cost related to nonvested shared-based compensation arrangements granted under our 2009 and 1999 Long-Term Incentive Plans. We expect that cost to be recognized over a weighted-average period of 3.78 years. | |||||||||||||||||
Asset_Impairments_and_Exit_Act
Asset Impairments and Exit Activity Costs | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Asset Impairments and Exit Activity Costs | ' | ||||
9. Asset Impairments and Exit Activity Costs | |||||
During 2013, as a result of the reorganization and re-focus of our continuing businesses following the discontinuation of our non-branded entertainment media distribution and direct response television marketing operations, we impaired $4.4 million of media libraries and capitalized production costs, $1.5 million of advances, and $1.3 million of property, plant, and equipment, net of accumulated depreciation, and other investments. These noncash impairments reduced the carrying value of assets for our business and direct to consumer segments by $5.1 million and $2.0 million, respectively. We estimated the fair value of each impaired asset category using a traditional present value technique, relying upon various sources of information for our assumptions, such as estimated future sales, internal budgets and projections, and judgment about the related product’s future earnings potential (level 3 of the fair value hierarchy). We also recorded termination benefits of $2.5 million related to the termination of certain employees associated with our restructuring and future retirement benefits for one of our executive officers. These asset impairment and termination benefit charges were recorded in other general expense on our consolidated statement of operations for the year ended December 31, 2013. Also included in other general expenses on our consolidated statements of operations are $1.3 million of expenses related to a brand study, recruiting for a new CEO, and other operating expenses that management believes are unique in 2013. | |||||
At December 31, 2013, the accrual liability associated with termination benefits consisted of the following: | |||||
Charges | $ | 2,472 | |||
Payments made | (298 | ) | |||
Accrued liability | $ | 2,174 | |||
The $2.2 million accrual balance at December 31, 2013 is expected to be paid $1.3 million in 2014, $ 0.5 million in 2015 and $0.4 million in 2015. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Income Taxes | ' | ||||||||||||
10. Income Taxes | |||||||||||||
Our provision for income tax expense (benefit) for continuing operations is comprised of the following: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current: | |||||||||||||
Federal | $ | 536 | $ | (4,463 | ) | $ | 426 | ||||||
State | (68 | ) | (293 | ) | 129 | ||||||||
International | 223 | 196 | 236 | ||||||||||
691 | (4,560 | ) | 791 | ||||||||||
Deferred: | |||||||||||||
Federal | 23,619 | (4,552 | ) | (10,735 | ) | ||||||||
State | 1,591 | (328 | ) | (763 | ) | ||||||||
International | 73 | (4 | ) | (6 | ) | ||||||||
25,283 | (4,884 | ) | (11,504 | ) | |||||||||
$ | 25,974 | $ | (9,444 | ) | $ | (10,713 | ) | ||||||
Variations from the federal statutory rate are as follows: | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Expected federal income tax expense (benefit) at statutory rate of 34% | $ | 2,003 | $ | (4,348 | ) | $ | (12,235 | ) | |||||
Effect of permanent goodwill impairment and worthless stock differences | — | — | 7,668 | ||||||||||
Effect of 2008 State NOL’s and option forfeitures | 189 | — | — | ||||||||||
Effect of permanent enhanced charitable donation differences | — | (31 | ) | (25 | ) | ||||||||
Effect of permanent other differences | 269 | 34 | 96 | ||||||||||
Effect of change in financial statement carrying value of investment | — | (5,077 | ) | (5,534 | ) | ||||||||
State income tax expense (benefit), net of federal benefit | 67 | (196 | ) | (872 | ) | ||||||||
Federal tax credits | — | — | (164 | ) | |||||||||
Establishment of valuation allowance on net deferred tax assets | 23,153 | — | — | ||||||||||
Other | 337 | 209 | 406 | ||||||||||
Effect of differences between U.S. taxation and foreign taxation | (44 | ) | (35 | ) | (53 | ) | |||||||
Income tax expense (benefit) | $ | 25,974 | $ | (9,444 | ) | $ | (10,713 | ) | |||||
Deferred income taxes reflect net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The components of the net accumulated deferred income tax assets as of December 31, 2013 and 2012 are as follows: | |||||||||||||
December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||
Deferred tax assets (liabilities): | |||||||||||||
Current: | |||||||||||||
Provision for doubtful accounts | $ | 171 | $ | 245 | |||||||||
Inventory-related expense | 950 | 699 | |||||||||||
Accrued liabilities | 3,341 | 3,888 | |||||||||||
Net operating loss carryforward | 820 | 3,617 | |||||||||||
Worthless Stock Deduction | 3,055 | — | |||||||||||
Impaired loans to affiliate | — | 959 | |||||||||||
Prepaid and deferred catalog costs | (103 | ) | (250 | ) | |||||||||
Other | 35 | (29 | ) | ||||||||||
Exit Activity Accruals | 1,603 | — | |||||||||||
Total current deferred tax assets | 9,872 | 9,129 | |||||||||||
Valuation allowance | (9,872 | ) | — | ||||||||||
Total current deferred tax assets, net of valuation allowance | $ | — | $ | 9,129 | |||||||||
Non-current: | |||||||||||||
Depreciation and amortization | $ | (825 | ) | $ | 288 | ||||||||
Section 181 qualified production expense | (850 | ) | (4,579 | ) | |||||||||
Net operating loss carryforward | 15,297 | 13,737 | |||||||||||
Charitable carryforward | 1,567 | 1,681 | |||||||||||
Loss (gain) from change in financial statement carrying value of investment, net | 55 | 228 | |||||||||||
Gain from foreign business acquisition | (347 | ) | (347 | ) | |||||||||
Impairment of intangibles | — | 5,412 | |||||||||||
Tax credits | 920 | 899 | |||||||||||
Other | 69 | 42 | |||||||||||
Total non-current deferred tax assets | 15,886 | 17,361 | |||||||||||
Valuation allowance | (15,886 | ) | (2,669 | ) | |||||||||
Total non-current deferred tax assets, net of valuation allowance | — | 14,692 | |||||||||||
Total net deferred tax assets | $ | — | $ | 23,821 | |||||||||
The sources of income (loss) before income taxes are as follows: | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Domestic | $ | 5,503 | $ | (29,162 | ) | $ | (34,977 | ) | |||||
International | 373 | 493 | (1,009 | ) | |||||||||
$ | 5,876 | $ | (28,669 | ) | $ | (35,986 | ) | ||||||
On December 31, 2011, we adjusted the financial statement carrying value of our equity method investment in Real Goods Solar to its estimated fair value due to deconsolidation. Accordingly, we also adjusted the related deferred tax liability for the temporary difference in basis for this investment, thereby recognizing during 2011 an income tax benefit of $7.1 million and a credit to additional paid-in capital of $0.6 million. | |||||||||||||
Income tax benefit for 2012 includes $6.0 million due to the reducing of a deferred tax liability related to the carrying value of our equity method investment in Real Goods Solar and the reduction of the carrying value of our loans to Real Goods Solar. See Note 3. Related Party Transactions. | |||||||||||||
Certain of our subsidiaries, namely those for which we own less than 80% of their shares and voting rights and/or are foreign entities, file tax returns separately from Gaiam’s consolidated tax group. At December 31, 2013, we had made a provision for U.S. federal and state income taxes on approximately $0.3 million of undistributed foreign earnings, which are not expected to remain outside of the U.S. indefinitely. Deferred tax liabilities have been established for future taxes on distribution of foreign earnings in the form of dividends or otherwise, in order to derive, for financial statement purposes, the U.S. income taxes (net of tax on foreign tax credits), state income taxes, and withholding taxes payable to the various foreign countries. | |||||||||||||
Periodically, we perform assessments of the realization of our net deferred tax assets considering all available evidence, both positive and negative. A significant piece of evidence evaluated was the cumulative loss incurred over the three-year period ended December 31, 2013. Such objective evidence limits the ability to consider other subjective evidence such as our projections for future growth. On the basis of this assessment, we recorded a charge of $23.2 million to income tax expense to record a valuation allowance against our deferred tax assets as of December 31, 2013. As income is generated in future periods, the Company expects to reverse the valuation allowance and utilize the deferred tax assets. | |||||||||||||
Based on Real Goods Solar’s establishment of a valuation allowance for all its net deferred tax assets at December 31, 2012, we established a valuation allowance, by charging loss from equity method investment, for our entire $1.6 million deferred tax asset related to our Tax Sharing Agreement with Real Goods Solar. See Note 3. Related Party Transactions. We concluded that no other changes to our existing valuation allowances were necessary. We expect our net deferred tax assets, less the valuation allowances, at December 31, 2013 to be fully recoverable through the reversal of taxable temporary differences and normal business activities in future years. | |||||||||||||
We realized $0.5 million in tax deductions and $0.7 million in tax benefits recorded to additional paid-in capital as a result of the exercise of stock options for the year ended December 31, 2013. No stock options were exercised during 2012. Also, we charged $0.9 million to additional paid-in capital during the year ended December 31, 2011 as a result of adjustments to a deferred tax liability caused by temporary changes in the financial statement carrying value of our investment in Real Goods Solar. | |||||||||||||
We recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. We measure the tax benefits recognized in the consolidated financial statements from such a position based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate resolution. The application of income tax law is inherently complex. Laws and regulations in this area are voluminous and are often ambiguous. As such, we are required to make many subjective assumptions and judgments regarding our income tax exposures. Interpretations of and guidance surrounding income tax law and regulations change over time and may result in changes to our subjective assumptions and judgments which can materially affect amounts recognized in our consolidated balance sheets and consolidated statements of operations. The result of our assessment of our uncertain tax positions did not have a material impact on our consolidated financial statements. Our federal and state tax returns for all years after 2009 are subject to future examination by tax authorities for all our tax jurisdictions. We recognize interest and penalties related to income tax matters in interest and other income (expense) and corporate, general and administration expenses, respectively. | |||||||||||||
Segment_and_Geographic_Informa
Segment and Geographic Information | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Segment and Geographic Information | ' | ||||||||||||
11. Segment and Geographic Information | |||||||||||||
Segment Information | |||||||||||||
During 2013, we sold our non-branded entertainment media distribution operation (previously part of our business segment) and discontinued our DRTV operations (previously part of our direct to consumer segment). Accordingly, we have restated the below segment information to present these two businesses as discontinued operations, separate from our continuing segments. | |||||||||||||
Real Goods Solar was deconsolidated on December 31, 2011, and, thus, the segment information below reports RSOL as an equity method investment for 2012 and as a consolidated subsidiary for 2011. RSOL became a cost method investment during 2013. | |||||||||||||
We now manage our business and aggregate our operational and financial information in accordance with two reportable segments. The direct to consumer segment contains e-commerce, catalog, retail store and digital subscription channels; and the business segment comprises retailer, distribution, and corporate account channels. | |||||||||||||
Although we are able to track revenue by sales channel, the management, allocation of resources and analysis and reporting of expenses is presented on a combined basis, at the reportable segment level. Contribution margin is defined as net revenue less cost of goods sold and total operating expenses. | |||||||||||||
Financial information for our segments was as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Net revenue: | |||||||||||||
Direct to consumer | $ | 52,051 | $ | 42,852 | $ | 45,041 | |||||||
Business | 103,412 | 84,390 | 69,393 | ||||||||||
Net revenue excluding Solar (RSOL) | 155,463 | 127,242 | 114,434 | ||||||||||
Solar | — | — | 109,257 | ||||||||||
Consolidated net revenue | 155,463 | 127,242 | 223,691 | ||||||||||
Contribution margin (loss): | |||||||||||||
Direct to consumer | (22,754 | )(b) | (17,308 | )(b) | (6,983 | ) | |||||||
Business | 1,113 | (b) | 7,135 | (22,087 | )(a) | ||||||||
Contribution margin (loss) excluding Solar (RSOL) | (21,641 | ) | (10,173 | ) | (29,070 | ) | |||||||
Solar | — | — | (2,276 | ) | |||||||||
Consolidated contribution margin (loss) | (21,641 | ) | (10,173 | ) | (31,346 | ) | |||||||
Reconciliation of contribution margin (loss) to net income (loss) attributable to Gaiam, Inc.: | |||||||||||||
Interest and other income (expense) | 2,421 | (86 | ) | (90 | ) | ||||||||
Gain on sale of investment in RSOL | 25,096 | — | — | ||||||||||
Loss from equity method investment in RSOL | — | (18,410 | ) | — | |||||||||
Loss on deconsolidation of RSOL | — | — | (4,550 | ) | |||||||||
Income tax expense (benefit) | 25,974 | (9,444 | ) | (10,713 | ) | ||||||||
Income from discontinued operations | (1,995 | ) | 6,648 | 3 | |||||||||
Net (income) loss attributable to noncontrolling interest | (659 | ) | (305 | ) | 398 | ||||||||
Net income (loss) attributable to Gaiam, Inc. | $ | (22,752 | ) | $ | (12,882 | ) | $ | (24,872 | ) | ||||
(a) | During 2011, we recognized a noncash goodwill impairment charge of $22.5 million in our business segment. | ||||||||||||
(b) | Includes investments in our digital subscription businesses of $8.5 million and $5.9 million for the years 2013 and 2012, respectively. Additionally, during 2013 we recognized impairment and severance charges of $11.0 million. | ||||||||||||
The following is a reconciliation of reportable segments’ assets to our consolidated total assets. Other unallocated corporate amounts are comprised of cash, current and deferred income taxes, and property and equipment. | |||||||||||||
As of December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Total assets – Continuing Operations: | |||||||||||||
Direct to consumer | $ | 39,803 | $ | 30,500 | $ | 17,506 | |||||||
Business | 64,094 | 63,313 | 53,725 | ||||||||||
Other unallocated corporate amounts | 32,883 | 29,204 | 62,792 | ||||||||||
$ | 136,780 | $ | 123,017 | $ | 134,023 | ||||||||
Total assets – Discontinued Operations: | |||||||||||||
Direct to consumer | $ | 1,646 | $ | 7,925 | $ | 3,470 | |||||||
Business | 1,576 | 66,289 | 25,797 | ||||||||||
$ | 3,222 | $ | 74,214 | $ | 29,267 | ||||||||
$ | 140,002 | $ | 197,231 | $ | 163,290 | ||||||||
Major Customer | |||||||||||||
Sales to our largest customer accounted for approximately 32.1%, 22.9%, and 15.8% of total net revenue during 2013, 2012 and 2011, respectively, and are reported in our business segment. | |||||||||||||
Geographic Information | |||||||||||||
We sell and distribute essentially the same products in the United States and several foreign countries. The major geographic territories are the U.S., Canada, Australia and the U.K., and are based on the location of the customer. The following represents geographical data for our operations as of and for the years ended December 31, 2013, 2012 and 2011: | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Revenue: | |||||||||||||
United States | $ | 150,274 | $ | 122,183 | $ | 218,741 | |||||||
International | 5,189 | 5,059 | 4,950 | ||||||||||
$ | 155,463 | $ | 127,242 | $ | 223,691 | ||||||||
Long-Lived Assets: | |||||||||||||
United States | $ | 29,072 | $ | 33,827 | $ | 34,871 | |||||||
International | 246 | 626 | 370 | ||||||||||
$ | 29,318 | $ | 34,453 | $ | 35,241 | ||||||||
As of December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Components of Long-Lived Assets (a): | |||||||||||||
Property and equipment, net | $ | 22,540 | $ | 23,544 | $ | 23,634 | |||||||
Media Library, net | 5,211 | 10,441 | 10,884 | ||||||||||
Other Intangibles, net | 1,155 | 190 | 569 | ||||||||||
Other assets | 412 | 278 | 154 | ||||||||||
$ | 29,318 | $ | 34,453 | $ | 35,241 | ||||||||
(a) | Excludes other non-current assets (non-current deferred tax assets, net, goodwill, investments, notes receivable, security deposits and noncurrent assets from discontinued operations) of $15,432, $33,001, and $31,897 for 2013, 2012, and 2011, respectively. |
Discontinued_Operations
Discontinued Operations | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Discontinued Operations | ' | ||||||||||||
12. Discontinued Operations | |||||||||||||
On October 21, 2013, we consummated the sale of GVE Newco, LLC (“GVE”), a wholly-owned subsidiary of ours representing our non-branded entertainment media business, to Cinedigm Corp. (“CIDM”) for $51.7 million, comprised of $47.5 million in cash, 666,978 shares of CIDM’s Class A common stock with an estimated fair value as of transaction consummation of approximately $1.2 million, $2 million of assigned accounts receivable, and a $1 million assumed payment obligation. In addition, the sale consideration will also include a post-closing adjustment payable in cash on April 15, 2014 and based on the final closing net working capital of GVE, which the parties are currently negotiating. During the fourth quarter of 2013, we discontinued our DRTV operations. In connection with these discontinued operations, we recognized certain exit activity and asset impairment charges. Accordingly, the assets and liabilities, operating results, and cash flows for these businesses, and their related exit activity and asset impairment charges, are presented as discontinued operations in our financial statements and footnotes presented herein. | |||||||||||||
The major components of assets and liabilities of our discontinued operations were as follows: | |||||||||||||
December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||
Current assets: | |||||||||||||
Accounts receivable, net | $ | 2,168 | $ | 35,618 | |||||||||
Inventory, less allowances | 818 | 8,588 | |||||||||||
Deferred advertising costs | — | 3,506 | |||||||||||
Advances | — | 10,708 | |||||||||||
Other current assets | 226 | 532 | |||||||||||
Total current assets | 3,212 | 58,952 | |||||||||||
Property and equipment, net | — | 453 | |||||||||||
Media library, net | — | 2,649 | |||||||||||
Goodwill | — | 6,731 | |||||||||||
Other intangibles, net | — | 5,418 | |||||||||||
Other assets | 10 | 11 | |||||||||||
Total assets | $ | 3,222 | $ | 74,214 | |||||||||
Current liabilities: | |||||||||||||
Line of credit | $ | — | $ | 16,231 | |||||||||
Accounts payable | 1,121 | 7,920 | |||||||||||
Participations payable | — | 569 | |||||||||||
Accrued liabilities | 475 | 25,175 | |||||||||||
Total current liabilities | $ | 1,596 | $ | 49,895 | |||||||||
With regards to our DRTV discontinued operations, we commenced wind-down activities in December, 2013, and we expect to fully cease and sell its operations and assets no later than December 31, 2014. The expected proceed from the disposition of this business unit are not expected to be material. | |||||||||||||
On July 31, 2012, each of our subsidiaries Gaiam Americas, Inc., SPRI Products, Inc., GT Direct, Inc., and Gaiam Vivendi Entertainment (collectively the “Borrowers”) entered into a Revolving Credit and Security Agreement (the “PNC Credit Agreement”) with PNC Bank, N.A. (“PNC”), for the use and benefit of GVE’s operations, which were subsequently discontinued. Borrowings were secured by a pledge of the Borrowers’ assets. The PNC Credit Agreement provided for a revolving line of credit of up to $35 million, subject to borrowing base and related limitations. Subject to certain limitations, the principal amount of the revolving loan was due and payable on the earlier of July 30, 2015 or upon the termination of the PNC Credit Agreement. | |||||||||||||
On October 21, 2013, the Borrowers paid in full the outstanding balance owed to PNC, $19,621,941 (inclusive of principal and interest and other fees), and terminated the underlying PNC Credit Agreement. The Borrowers also paid an early termination fee in an amount equal to $350,000. Upon termination, PNC released all liens granted in its favor on the collateral pledged under the PNC Credit Agreement. All interest charges under the PNC Credit Agreement have been allocated to discontinued operations. | |||||||||||||
The income from discontinued operations amounts as reported on our consolidated statements of operations were comprised of the following amounts: | |||||||||||||
Years Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Net revenue | $ | 53,539 | $ | 75,232 | $ | 51,082 | |||||||
Income from operations before income taxes | 2,386 | 10,417 | 59 | ||||||||||
Exit activity and asset impairment charges before income taxes (a) | (1,776 | ) | — | — | |||||||||
Income tax expense | (209 | ) | (3,769 | ) | (56 | ) | |||||||
Income from operations of discontinued operations | 401 | 6,648 | 3 | ||||||||||
Gain (loss) on disposal of discontinued operations: | |||||||||||||
Gain on sale of GVE before income taxes | 5,622 | — | — | ||||||||||
Loss on abandonment of DRTV before income taxes (b) | (9,481 | ) | — | — | |||||||||
Income tax expense | 1,463 | — | — | ||||||||||
Gain from disposal of discontinued operations | (2,396 | ) | — | — | |||||||||
Income from discontinued operations. | $ | (1,995 | ) | $ | 6,648 | $ | 3 | ||||||
(a) | In direct conjunction with the discontinuing of our GVE and DRTV operations, during 2013 we recognized exit activity charges of $0.8 million for employee termination benefits and $1.0 million for non-cancellable facility leases, of which $0.3 million had been paid as of December 31, 2013, the balance of these amounts is expected to be paid in 2014 | ||||||||||||
(b) | As a direct result of the discontinuance of our GVE and DRTV operations, we recognized impairment charges of $2.5 million for inventory, $3.8 million for deferred advertising costs, $0.8 million for advances, $0.4 million for property and equipment, $2.1 million for media library, $6.7 million for goodwill, and $3.5 million for other intangibles. |
Quarterly_Results_of_Operation
Quarterly Results of Operations (Unaudited) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Results of Operations (Unaudited) | ' | ||||||||||||||||
13. Quarterly Results of Operations (Unaudited) | |||||||||||||||||
The following tables set forth our unaudited results of operations for each of the quarters in 2013 and 2012. During 2013, we sold our non-branded entertainment media distribution operations and discontinued our DRTV operations. We now report these businesses as discontinued operations, and, accordingly, we have reclassified their results of operations for all periods presented to reflect them as such. In our opinion, this unaudited financial information includes all adjustments, consisting solely of normal recurring accruals and adjustments, necessary for a fair presentation of the results of operations for the quarters presented. | |||||||||||||||||
Year 2013 Quarters Ended | |||||||||||||||||
(in thousands, except per share data) | March 31 | June 30 | September 30 | December 31 (a) | |||||||||||||
Net revenue | $ | 36,679 | $ | 31,897 | $ | 36,128 | $ | 50,759 | |||||||||
Gross profit | 15,750 | 13,314 | 14,693 | 21,551 | |||||||||||||
Gain on sale of investment | — | 16,429 | 1,975 | 6,692 | |||||||||||||
Income (loss) from continuing operations | (2,203 | ) | 8,112 | (699 | ) | (25,308 | ) | ||||||||||
Income from discontinued operations | 1,981 | (129 | ) | 1,004 | (4,851 | ) | |||||||||||
Net income (loss) | (222 | ) | 7,983 | 305 | (30,159 | ) | |||||||||||
Net income (loss) attributable to Gaiam, Inc. | (277 | ) | 7,848 | 120 | (30,443 | ) | |||||||||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders – diluted: | |||||||||||||||||
From continuing operations | $ | (0.10 | ) | $ | 0.36 | $ | (0.03 | ) | $ | (1.08 | ) | ||||||
From discontinued operations | 0.09 | (0.01 | ) | 0.04 | (0.21 | ) | |||||||||||
Diluted net income (loss) per share attributable to Gaiam, Inc. | $ | (0.01 | ) | $ | 0.35 | $ | 0.01 | $ | (1.29 | ) | |||||||
Weighted average shares outstanding-diluted | 22,732 | 22,741 | 22,765 | 23,668 | |||||||||||||
Year 2012 Quarters Ended | |||||||||||||||||
(in thousands, except per share data) | March 31 | June 30 | September 30 (b) | December 31 | |||||||||||||
Net revenue | $ | 28,589 | $ | 24,531 | $ | 28,537 | $ | 45,586 | |||||||||
Gross profit | 13,995 | 10,585 | 12,601 | 19,338 | |||||||||||||
Loss from equity method investment | (696 | ) | (944 | ) | (15,940 | ) | (830 | ) | |||||||||
Loss from continuing operations | (1,977 | ) | (4,756 | ) | (11,923 | ) | (569 | ) | |||||||||
Income from discontinued operations | 679 | 2,647 | 997 | 2,325 | |||||||||||||
Net income (loss) | (1,298 | ) | (2,109 | ) | (10,926 | ) | 1,756 | ||||||||||
Net income (loss) attributable to Gaiam, Inc. | (1,219 | ) | (2,053 | ) | (11,157 | ) | 1,547 | ||||||||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders – diluted: | |||||||||||||||||
From continuing operations | $ | (0.08 | ) | $ | (0.21 | ) | $ | (0.53 | ) | $ | (0.03 | ) | |||||
From discontinued operations | 0.03 | 0.12 | 0.04 | 0.1 | |||||||||||||
Diluted net income (loss) per share attributable to Gaiam, Inc. | $ | (0.05 | ) | $ | (0.09 | ) | $ | (0.49 | ) | $ | 0.07 | ||||||
Weighted average shares outstanding-diluted | 22,698 | 22,702 | 22,704 | 22,706 | |||||||||||||
(a) | We reported gains of $16.4 million, $2.0 million and $6.7 million in the second, third and fourth quarters of 2013 on the sale of our Real Goods Solar stock, the carrying value for which had previously been reduced to zero through the recognition of our portion of RSOL’s net losses. We recorded a charge of $11.0 million to exit certain businesses, to restructure certain operations, and a net loss of $2.0 million after selling GVE and closing DRTV in the fourth quarter. We also recorded a $23.2 million valuation allowance for our deferred tax assets in the fourth quarter of 2013. | ||||||||||||||||
(b) | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. |
Financial_Statement_Schedule_I
Financial Statement Schedule II | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Financial Statement Schedule II | ' | ||||||||||||||||
GAIAM, INC. | |||||||||||||||||
Financial Statement Schedule II | |||||||||||||||||
Consolidated Valuation and Qualifying Accounts | |||||||||||||||||
(in thousands) | Balance at | Additions | Deductions (a) | Balance at | |||||||||||||
Beginning of | Charged to | End of | |||||||||||||||
Year | Costs and | Year | |||||||||||||||
Expenses | |||||||||||||||||
Allowance for Doubtful Accounts: | |||||||||||||||||
2013 | $ | 611 | $ | 564 | $ | 619 | $ | 556 | |||||||||
2012 | $ | 678 | $ | 622 | $ | 689 | $ | 611 | |||||||||
2011 | $ | 888 | $ | 545 | $ | 755 | $ | 678 | |||||||||
Allowance for Product Returns: | |||||||||||||||||
2013 | $ | 2,579 | $ | 27,707 | $ | 28,710 | $ | 1,576 | |||||||||
2012 | $ | 1,823 | $ | 16,119 | $ | 15,363 | $ | 2,579 | |||||||||
2011 | $ | 861 | $ | 22,704 | $ | 21,742 | $ | 1,823 | |||||||||
(a) | The 2011 deduction amount for the allowance for doubtful accounts includes $0.5 million related to the deconsolidation of Real Goods Solar. See Note 3. Related Party Transactions. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Cash | ' | ||||||||||||
Cash | |||||||||||||
Cash represents on-demand accounts and letters of credit deposit funds with financial institutions that are denominated in U.S. dollars and foreign currencies. On December 31, 2013, we had letters of credit deposit funds reported in cash on our balance sheets of $0.5 million. At each balance sheet date, cash on hand that is denominated in a foreign currency is adjusted to reflect the exchange rate that existed at the balance sheet date. The difference is reported as a gain or loss in our statement of operations each period. Historically, such gains or losses have been immaterial. | |||||||||||||
Concentration of Risk and Allowances for Doubtful Accounts | ' | ||||||||||||
Concentration of Risk and Allowances for Doubtful Accounts | |||||||||||||
We have a concentration of credit risk in our accounts receivable because our top customer, Target, accounted for 43.6% and 54.5% of accounts receivable, net as of December 31, 2013 and 2012, respectively. This customer is a major retailer in the United States to which we made significant sales during the year-end holiday season. | |||||||||||||
We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. We make estimates of the collectability of our accounts receivable by analyzing historical bad debts, specific customer creditworthiness, and current economic trends. The allowance for doubtful accounts was $0.6 million and $0.6 million as of December 31, 2013 and 2012, respectively. If the financial condition of our customers were to deteriorate such that their ability to make payments to us was impaired, additional allowances could be required. | |||||||||||||
Product Returns | ' | ||||||||||||
Product Returns | |||||||||||||
We record allowances for product returns to be received in future periods at the time we recognize the original sale. We base the amounts of the returns allowances upon historical experience and future expectations. Our allowance for product returns was $1.6 million and $2.6 million as of December 31, 2013 and 2012, respectively. | |||||||||||||
Inventory | ' | ||||||||||||
Inventory | |||||||||||||
Inventory consists primarily of finished goods held for sale and is stated at the lower of cost (first-in, first-out method) or market. We identify the inventory items to be written down for obsolescence based on the item’s current sales status and condition. We write down discontinued or slow moving inventories based on an estimate of the markdown to retail price needed to sell through our current stock level of the inventories. As of December 31, 2013 and 2012, we estimated obsolete or slow-moving inventory to be $2.1 million and $1.5 million, respectively. | |||||||||||||
Advertising Costs | ' | ||||||||||||
Advertising Costs | |||||||||||||
Deferred advertising costs relate to the preparation, printing, advertising and distribution of catalogs. We defer such costs for financial reporting purposes until the catalogs are distributed, and then we amortize these costs over succeeding periods on the basis of estimated direct relationship sales. We amortize our seasonal catalogs within six months. Forecasted sales are the principal factor we use in estimating the amortization rate. We expense other advertising and promotional costs as incurred. Amounts recorded as advertising expense were $15.3 million, $13.6 million, and $27.2 million for the years ended December 31, 2013, 2012, and 2011, respectively, and we include these amounts in selling and operating expense. | |||||||||||||
We record sales discounts or other sales incentives as a reduction to revenue. We identify and record any cooperative advertising expenses we pay, which are for advertisements meeting the separable benefit and fair value tests, as part of selling and operating expense. | |||||||||||||
Property and Equipment | ' | ||||||||||||
Property and Equipment | |||||||||||||
We state property and equipment at cost less accumulated depreciation and amortization. We include in property and equipment the cost of internal-use software, including software used in connection with our websites. We expense all costs related to the development of internal-use software other than those incurred during the application development stage. We capitalize the costs we incur during the application development stage and amortize them over the estimated useful life of the software, which is typically three years. We compute depreciation of property and equipment on the straight-line method over estimated useful lives, generally three to forty-five years. We amortize leasehold and building improvements over the shorter of the estimated useful lives of the assets or the remaining term of the lease or remaining life of the building, respectively. | |||||||||||||
Investments | ' | ||||||||||||
Investments | |||||||||||||
We account for investments in equity securities that have readily determinable fair values that are not trading securities as available-for-sale securities. Unrealized changes in the fair value of an available-for-sale security are reported in accumulated other comprehensive income, net of tax, until disposed of or determined to be other-than-temporarily impaired, at which time the realized changes are reported in our statement of operations. At December 31, 2013, we had an equity investment with an estimated fair value of $1.3 million, based on its public stock trading price on that date, reported in other assets on our consolidated balance sheet. | |||||||||||||
Purchase Accounting | ' | ||||||||||||
Purchase Accounting | |||||||||||||
We account for the attainment of a controlling interest in a business using the acquisition method. In determining the estimated fair value of certain acquired assets and liabilities, we make assumptions based upon many different factors, such as historical and other relevant information and analyses performed by independent parties. Assumptions may be incomplete, and unanticipated events and circumstances may occur that could affect the validity of such assumptions, estimates, or actual results. | |||||||||||||
Media Library | ' | ||||||||||||
Media Library | |||||||||||||
Our media library asset represents the estimated fair value of both video and digital rights acquired through either business combinations or separate purchases and our capitalized cost to produce media products, all of which we market to retailers and our direct customers. We have presented the media library net of accumulated amortization of approximately $13.6 million and $27.2 million at December 31, 2013 and 2012, respectively, and is amortized over the estimated useful life of the titles, which range from five to fifteen years. Additionally, during 2014 we anticipate incurring approximately $3.0 million in royalties related to acquired and produced media content. | |||||||||||||
Capitalized media library production costs consist of costs incurred to produce the media content, net of accumulated amortization. We recognize these costs, as well as participation costs, as expenses on an individual title basis equal to the ratio that the current year’s gross revenues bear to our estimate of total ultimate gross revenues from all sources to be earned over a maximum seven-year period. We state capitalized production costs at the lower of unamortized cost or estimated fair value on an individual title basis. We continually review revenue forecasts, based primarily on historical sales statistics, and revise these forecasts when warranted by changing conditions. When estimates of total revenues and other events or changes in circumstances indicate that a title has an estimated fair value that is less than its unamortized cost, we recognize an impairment loss in the current period for the amount by which the unamortized cost exceeds the title’s estimated fair value. | |||||||||||||
During 2013, capitalized production cost for released titles was approximately $1.5 million, and for those titles not yet released was $0.1 million. Additionally, as of December 31, 2013, we estimate that approximately $1.6 million or 42.5% of the unamortized costs for released titles will be amortized during 2014, and approximately 86.3% of the unamortized costs for released titles will be amortized within the next three years. Accumulated amortization for capitalized produced media content at December 31, 2013 and 2012 was approximately $13.5 million and $15.3 million, respectively. Amortization expense for capitalized produced media content for the years ended December 31, 2013, 2012 and 2011 was $788 thousand, $900 thousand and $1.0 million, respectively. | |||||||||||||
Our acquired media rights have $1.4 million of remaining unamortized costs as of December 31, 2013 that will be amortized on a straight-line basis over 12 to 84 months. Amortization expense for acquired media rights for the years ended December 31, 2013, 2012, and 2011 was $553 thousand, $772 thousand, and $752 thousand, respectively. Based upon the acquired media titles and rights at December 31, 2013, we expect the annual amortization expense for the next five years to approximate $150 thousand per annum. | |||||||||||||
Based on total media library costs at December 31, 2013 and assuming no subsequent impairment of the underlying assets or a material increase in the video productions or media acquired, we expect the amortization expense for the next five years to be approximately $1.0 million per annum. | |||||||||||||
Goodwill and Other Intangibles | ' | ||||||||||||
Goodwill and Other Intangibles | |||||||||||||
Goodwill represents the excess of the purchase consideration over the estimated fair value of assets acquired less liabilities assumed in a business acquisition. Our other intangibles consist of customer related assets. We review goodwill for impairment annually or more frequently if impairment indicators arise on a goodwill reporting unit level. We have the option of first assessing qualitative factors to determine whether events and circumstances indicate that it is more likely than not that the fair value of a goodwill reporting unit is less than its carrying amount. If it is determined that the fair value for a goodwill reporting unit is more likely than not greater than the carrying amount for that goodwill reporting unit, then the two-step impairment test is unnecessary. If it is determined that the two-step impairment test is necessary, then for step one, we compare the estimated fair value of a goodwill reporting unit with its carrying amount, including goodwill. If the estimated fair value of a goodwill reporting unit exceeds its carrying amount, we consider the goodwill of the reporting unit not impaired. If the carrying amount of a goodwill reporting unit exceeds its estimated fair value, we perform the second step of the goodwill impairment test to measure the amount of impairment loss. We use either a comparable market approach or a traditional present value method to test for potential impairment. The process of evaluating the potential impairment of goodwill is highly subjective and requires significant judgment at many points during the analysis. Application of alternative assumptions and definitions could yield significantly different results. | |||||||||||||
The following table sets forth the changes in goodwill for the period December 31, 2011 through December 31, 2013 by segment. | |||||||||||||
(in thousands) | Direct to | Business | Total | ||||||||||
Consumer | Segment | ||||||||||||
Segment | |||||||||||||
Balance at December 31, 2011 and 2012 | $ | 2,673 | $ | — | $ | 2,673 | |||||||
Acquisitions (a) | 11,326 | — | 11,326 | ||||||||||
Balance at December 31, 2013 | $ | 13,999 | $ | — | $ | 13,999 | |||||||
(a) | The estimated purchase price and fair value of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the closing date. We believe that information provides a reasonable basis for estimating the consideration transferred and the fair values of the assets acquired and liabilities assumed, but we are waiting for additional information necessary to finalize the amounts and identify separable intangibles. Therefore, the provisional purchase price allocations are subject to change and such changes could be significant. | ||||||||||||
The following table represents our other intangibles subject to amortization by major class as of December 31, 2013 and 2012. | |||||||||||||
As of December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||
Customer related: | |||||||||||||
Gross carrying amount | $ | 1,818 | $ | 649 | |||||||||
Accumulated amortization | (743 | ) | (463 | ) | |||||||||
$ | 1,075 | $ | 186 | ||||||||||
Marketing related: | |||||||||||||
Gross carrying amount | $ | 656 | $ | 576 | |||||||||
Accumulated amortization | (576 | ) | (572 | ) | |||||||||
$ | 80 | $ | 4 | ||||||||||
The amortization periods range from 24 to 84 months. Amortization expense for the years ended December 31, 2013, 2012, and 2011 was $321 thousand, $228 thousand, and $454 thousand, respectively. Based on the December 31, 2013 balance of other intangibles, we estimate amortization expense to be $493 thousand for 2014, $467 thousand for 2015, $195 thousand for 2016, and zero thereafter. | |||||||||||||
Long-Lived Assets | ' | ||||||||||||
Long-Lived Assets | |||||||||||||
We evaluate the carrying value of long-lived assets held and used, other than goodwill, when events or changes in circumstances indicate the carrying value may not be recoverable. We consider the carrying value of a long-lived asset impaired when the total projected undiscounted cash flows from such asset are separately identifiable and are less than the carrying value. We recognize a loss based on the amount by which the carrying value exceeds the estimated fair value of the long-lived asset. We determine the estimated fair value primarily using the projected cash flows from the asset discounted at a rate commensurate with the risk involved. | |||||||||||||
Participations Payable | ' | ||||||||||||
Participations Payable | |||||||||||||
Participations payable represents amounts owed to talent involved with our media productions based on royalty or distribution agreements. Certain agreements include minimum royalty payments. All amounts due under such agreements are accrued at the time the related revenue is recognized. | |||||||||||||
Income Taxes | ' | ||||||||||||
Income Taxes | |||||||||||||
We provide for income taxes pursuant to the liability method. The liability method requires recognition of deferred income taxes based on temporary differences between financial reporting and income tax bases of assets and liabilities, using current enacted income tax rates and regulations. These differences will result in taxable income or deductions in future years when the reported amount of the asset or liability is recovered or settled, respectively. Considerable judgment is required in determining when these events may occur and whether recovery of an asset, including the utilization of a net operating loss or other carryforward prior to its expiration, is more likely than not. | |||||||||||||
Revenue | ' | ||||||||||||
Revenue | |||||||||||||
Revenue primarily consists of sales of products, media licensing, and media distribution. We recognize revenue from the sale of products and the licensing of media when the following four basic criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) the seller’s price to the buyer is fixed or determinable; and (4) collectability is reasonably assured. We recognize distribution fees from our media distribution arrangements on a net revenue basis. For these media distribution sales, we do not take title to the related product sold as the inventory is owned by the studios or content producers and sold by us under distribution agent agreements. We recognize amounts billed to customers for postage and handling as revenue at the same time we recognize the revenue arising from the product sale. We present revenue net of taxes collected from customers. | |||||||||||||
Prior to 2012, we also recognized revenue from Real Goods Solar’s energy integration fixed price contracts. For energy system installations of less than 100 kilowatts, we recognized revenue when the installation was substantially complete, determined based on departure from the job site following completion of the installation or passing of building inspection, while for energy system installations equal to or greater than 100 kilowatts, we recognized revenue on a percentage-of-completion basis, with the extent of progress towards completion measured by the cost to cost method. | |||||||||||||
Share-Based Compensation | ' | ||||||||||||
Share-Based Compensation | |||||||||||||
We recognize compensation cost for share-based awards based on the estimated fair value of the award on date of grant. We measure compensation cost at the grant date based on the estimated fair value of the award and recognize compensation cost upon the probable attainment of a specified performance condition or over a service period. We use the Black-Scholes option valuation model to estimate the fair value of the award. In estimating this fair value, we use certain assumptions, as disclosed in Note 8. Share-Based Compensation, consisting of the expected life of the option, risk-free interest rate, dividend yield, and volatility. The use of a different estimate for any one of these components could have a material impact on the amount of calculated compensation expense. | |||||||||||||
Defined Contribution Plan | ' | ||||||||||||
Defined Contribution Plan | |||||||||||||
We have adopted a defined contribution retirement plan under Section 401(k) of the Internal Revenue Code of 1986, as amended (“Internal Revenue Code”), which covers substantially all employees. Eligible employees may contribute amounts to the plan, via payroll withholding, subject to certain limitations. The 401(k) plan permits, but does not require, us to make additional matching contributions to the 401(k) plan on behalf of all participants in the 401(k) plan. We match 50% of an employee’s contribution, up to an annual maximum matching contribution of $1,500. We made matching contributions to the 401(k) plan of $0.3 million, $0.2 million, and $0.2 million in each of the years ended December 31, 2013, 2012, and 2011, respectively. | |||||||||||||
Foreign Currency Translation | ' | ||||||||||||
Foreign Currency Translation | |||||||||||||
Our foreign subsidiaries use their local currency as their functional currency. We translate assets and liabilities into U.S. dollars at exchange rates in effect at the balance sheet date. We translate income and expense accounts at the average monthly exchange rates during the year. We record resulting translation adjustments, net of income taxes, as a separate component of accumulated other comprehensive income. | |||||||||||||
Comprehensive Income (Loss) | ' | ||||||||||||
Comprehensive Income (Loss) | |||||||||||||
Our comprehensive income (loss) is comprised of our net income (loss), noncontrolling interest net income (loss), foreign currency translation adjustments, net of tax, and unrealized changes in the fair value of an equity security, net of tax. | |||||||||||||
The tax effects allocated to our accumulated other comprehensive income (loss) components were as follows: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Before-tax amount | $ | (262 | ) | $ | 14 | $ | (3 | ) | |||||
Tax expense (benefit) | (86 | ) | 4 | (1 | ) | ||||||||
Net-of-tax amount | $ | (176 | ) | $ | 10 | $ | (2 | ) | |||||
Net Income (Loss) Per Share Attributable To Gaiam, Inc. Common Shareholders | ' | ||||||||||||
Net Income (Loss) Per Share Attributable To Gaiam, Inc. Common Shareholders | |||||||||||||
Basic net income (loss) per share attributable to Gaiam, Inc. common shareholders excludes any dilutive effects of options. We compute basic net income (loss) per share attributable to Gaiam, Inc. common shareholders using the weighted average number of common shares outstanding during the period. We compute diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders using the weighted average number of common shares and common stock equivalents outstanding during the period. We excluded weighted average common stock equivalents of 1,439,748, 1,387,000 and 1,306,000 from the computation of diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders for 2013, 2012 and 2011, respectively, because their effect was antidilutive. | |||||||||||||
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||||
Net income (loss) attributable to Gaiam, Inc. common shareholders: | |||||||||||||
Income (loss) from continuing operations | $ | (20,757 | ) | $ | (19,530 | ) | $ | (24,875 | ) | ||||
Income from discontinued operations | (1,995 | ) | 6,648 | 3 | |||||||||
Net income (loss) attributable to Gaiam, Inc. | $ | (22,752 | ) | $ | (12,882 | ) | $ | (24,872 | ) | ||||
Weighted average shares for basic net income (loss) per share | 22,972 | 22,703 | 23,126 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Weighted average of common stock and stock options | 143 | — | — | ||||||||||
Weighted average shares for diluted net income (loss) per share | 23,115 | 22,703 | 23,126 | ||||||||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders—basic: | |||||||||||||
Income (loss) from continuing operations | $ | (0.90 | ) | $ | (0.86 | ) | $ | (1.08 | ) | ||||
Income from discontinued operations | (0.09 | ) | 0.29 | 0 | |||||||||
Basic net income (loss) per share attributable to Gaiam, Inc. | $ | (0.99 | ) | $ | (0.57 | ) | $ | (1.08 | ) | ||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders—diluted: | |||||||||||||
Income (loss) from continuing operations | $ | (0.89 | ) | $ | (0.86 | ) | $ | (1.08 | ) | ||||
Income from discontinued operations | (0.09 | ) | 0.29 | 0 | |||||||||
Diluted net income (loss) per share attributable to Gaiam, Inc. | $ | (0.98 | ) | $ | (0.57 | ) | $ | (1.08 | ) | ||||
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Changes in Goodwill | ' | ||||||||||||
The following table sets forth the changes in goodwill for the period December 31, 2011 through December 31, 2013 by segment. | |||||||||||||
(in thousands) | Direct to | Business | Total | ||||||||||
Consumer | Segment | ||||||||||||
Segment | |||||||||||||
Balance at December 31, 2011 and 2012 | $ | 2,673 | $ | — | $ | 2,673 | |||||||
Acquisitions (a) | 11,326 | — | 11,326 | ||||||||||
Balance at December 31, 2013 | $ | 13,999 | $ | — | $ | 13,999 | |||||||
(a) | The estimated purchase price and fair value of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the closing date. We believe that information provides a reasonable basis for estimating the consideration transferred and the fair values of the assets acquired and liabilities assumed, but we are waiting for additional information necessary to finalize the amounts and identify separable intangibles. Therefore, the provisional purchase price allocations are subject to change and such changes could be significant. | ||||||||||||
Other Intangibles Subject to Amortization by Major Class | ' | ||||||||||||
The following table represents our other intangibles subject to amortization by major class as of December 31, 2013 and 2012. | |||||||||||||
As of December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||
Customer related: | |||||||||||||
Gross carrying amount | $ | 1,818 | $ | 649 | |||||||||
Accumulated amortization | (743 | ) | (463 | ) | |||||||||
$ | 1,075 | $ | 186 | ||||||||||
Marketing related: | |||||||||||||
Gross carrying amount | $ | 656 | $ | 576 | |||||||||
Accumulated amortization | (576 | ) | (572 | ) | |||||||||
$ | 80 | $ | 4 | ||||||||||
Tax Effects Allocated to Other Comprehensive Income (Loss) Component | ' | ||||||||||||
The tax effects allocated to our accumulated other comprehensive income (loss) components were as follows: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Before-tax amount | $ | (262 | ) | $ | 14 | $ | (3 | ) | |||||
Tax expense (benefit) | (86 | ) | 4 | (1 | ) | ||||||||
Net-of-tax amount | $ | (176 | ) | $ | 10 | $ | (2 | ) | |||||
Computation of Basic and Diluted Net Income (Loss) Per Share Attributable to Gaiam, Inc. Common Shareholders | ' | ||||||||||||
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands, except per share data) | 2013 | 2012 | 2011 | ||||||||||
Net income (loss) attributable to Gaiam, Inc. common shareholders: | |||||||||||||
Income (loss) from continuing operations | $ | (20,757 | ) | $ | (19,530 | ) | $ | (24,875 | ) | ||||
Income from discontinued operations | (1,995 | ) | 6,648 | 3 | |||||||||
Net income (loss) attributable to Gaiam, Inc. | $ | (22,752 | ) | $ | (12,882 | ) | $ | (24,872 | ) | ||||
Weighted average shares for basic net income (loss) per share | 22,972 | 22,703 | 23,126 | ||||||||||
Effect of dilutive securities: | |||||||||||||
Weighted average of common stock and stock options | 143 | — | — | ||||||||||
Weighted average shares for diluted net income (loss) per share | 23,115 | 22,703 | 23,126 | ||||||||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders—basic: | |||||||||||||
Income (loss) from continuing operations | $ | (0.90 | ) | $ | (0.86 | ) | $ | (1.08 | ) | ||||
Income from discontinued operations | (0.09 | ) | 0.29 | 0 | |||||||||
Basic net income (loss) per share attributable to Gaiam, Inc. | $ | (0.99 | ) | $ | (0.57 | ) | $ | (1.08 | ) | ||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders—diluted: | |||||||||||||
Income (loss) from continuing operations | $ | (0.89 | ) | $ | (0.86 | ) | $ | (1.08 | ) | ||||
Income from discontinued operations | (0.09 | ) | 0.29 | 0 | |||||||||
Diluted net income (loss) per share attributable to Gaiam, Inc. | $ | (0.98 | ) | $ | (0.57 | ) | $ | (1.08 | ) | ||||
Property_and_Equipment_Tables
Property and Equipment (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Property and Equipment, Stated at Lower of Cost or Estimated Fair Value | ' | ||||||||
Property and equipment, stated at lower of cost or estimated fair value, consists of the following as of December 31: | |||||||||
(in thousands) | 2013 | 2012 | |||||||
Land | $ | 5,603 | $ | 5,582 | |||||
Buildings | 16,637 | 16,366 | |||||||
Furniture, fixtures and equipment | 6,839 | 6,213 | |||||||
Leasehold improvements | 1,622 | 1,633 | |||||||
Website development costs and other software | 9,919 | 10,015 | |||||||
Studios, computer and telephone equipment | 9,182 | 9,292 | |||||||
Warehouse and distribution equipment | 1,765 | 1,765 | |||||||
51,567 | 50,866 | ||||||||
Accumulated depreciation and amortization | (29,027 | ) | (27,322 | ) | |||||
$ | 22,540 | $ | 23,544 | ||||||
Accrued_Liabilities_Tables
Accrued Liabilities (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Components of Accrued Liabilities | ' | ||||||||
Accrued liabilities consist of the following as of December 31: | |||||||||
(in thousands) | 2013 | 2012 | |||||||
Accrued compensation | $ | 5,500 | $ | 2,031 | |||||
Customer deposits | 8,478 | 6,086 | |||||||
Other accrued liabilities | 3,525 | 1,367 | |||||||
$ | 17,503 | $ | 9,484 | ||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Annual Future Minimum Lease Payments Required under Operating Leases | ' | ||||
The following schedule represents the annual future minimum payments under these commitments, as of December 31, 2013: | |||||
(in thousands) | Operating | ||||
2014 | $ | 1,848 | |||
2015 | 1,112 | ||||
2016 | 325 | ||||
2017 | — | ||||
Total minimum lease payments | $ | 3,285 | |||
Equity_Tables
Equity (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Effect of Changes in Gaiam, Inc.'s Ownership Interest in Its Subsidiaries On Gaiam, Inc.'s Equity | ' | ||||||||
The following schedule reflects the effect of changes in Gaiam, Inc.’s ownership interest in its subsidiaries on Gaiam, Inc.’s equity for the years ended December 31, 2012 and 2011, respectively. There were no changes to Gaiam, Inc.’s equity during 2013 as a result of converting our accounting for our investment in Real Goods Solar from the equity to cost method. | |||||||||
For the Year Ended December 31, | |||||||||
(in thousands, except share data) | 2012 | 2011 | |||||||
Net income (loss) attributable to Gaiam, Inc. | $ | (12,882 | ) | $ | (24,872 | ) | |||
Transfers from the noncontrolling interest: | |||||||||
Decrease in Gaiam, Inc.’s paid-in capital for its subsidiary’s acquisition of a noncontrolling interest, including related taxes of $16 | (170 | ) | — | ||||||
Increase in Gaiam, Inc.’s paid-in capital for the issuance of 29,408 Real Goods Solar Class A common shares in conjunction with nonemployee director fees, and for employee share-based compensation | — | 193 | |||||||
Increase in Gaiam, Inc.’s paid-in capital for the issuance of 8,700,000 Real Goods Solar Class A common shares in conjunction with its acquisition of Alteris | — | 1,716 | |||||||
Decrease in Gaiam, Inc.’s paid-in capital for Real Goods Solar’s repurchase of 379,400 of its Class A common shares | — | (125 | ) | ||||||
Increase in Gaiam, Inc.’s paid-in capital in conjunction with the remeasurement of deferred tax liabilities related to our equity investment in Real Goods Solar upon deconsolidation | — | 562 | |||||||
Change from the net income (loss) attributable to Gaiam, Inc. and transfers from the noncontrolling interest | $ | (13,052 | ) | $ | (22,526 | ) | |||
Class A Common Shares Reserved for Future Issuance | ' | ||||||||
As of December 31, 2012, we had the following Class A common shares reserved for future issuance: | |||||||||
Conversion of Class B common shares | 5,400,000 | ||||||||
Awards under the 2009 and 1999 Long-Term Incentive Plans: | |||||||||
Stock options outstanding | 1,662,450 | ||||||||
Total shares reserved for future issuance | 7,062,450 | ||||||||
ShareBased_Compensation_Tables
Share-Based Compensation (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Variables Used in Black-Scholes Option Pricing Model to Determine Estimated Grant Date Fair Value for Options Granted | ' | ||||||||||||||||
The following are the variables we used in the Black-Scholes option pricing model to determine the estimated grant date fair value for options granted under our 2009 and 1999 Long-Term Incentive Plans for each of the years presented: | |||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||
Expected volatility | 57% - 61% | 59% | 58% - 61% | ||||||||||||||
Weighted-average volatility | 58% | 59% | 59% | ||||||||||||||
Expected dividends | —% | —% | 2.8% - 4.2% | ||||||||||||||
Expected term (in years) | 5.1 - 7.8 | 7.1 | 7.1 - 9.3 | ||||||||||||||
Risk-free rate | 1.33% - 2.32% | 1.36% - 1.61% | 1.50% - 3.13% | ||||||||||||||
Summary of Option Activity | ' | ||||||||||||||||
The table below presents a summary of option activity under our 2009 and 1999 Long-Term Incentive Plans as of December 31, 2013, and changes during the year then ended: | |||||||||||||||||
Shares | Weighted- | Weighted- | Aggregate | ||||||||||||||
Average | Average | Intrinsic | |||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Contractual | ||||||||||||||||
Term | |||||||||||||||||
Outstanding at January 1, 2013 | 1,406,450 | $ | 5.61 | ||||||||||||||
Granted | 527,500 | 5.3 | |||||||||||||||
Exercised | (160,470 | ) | 4.84 | ||||||||||||||
Cancelled or forfeited | (111,030 | ) | 4.63 | ||||||||||||||
Outstanding at December 31, 2013 | 1,662,450 | $ | 5.65 | 5.2 | $ | 2,049,536 | |||||||||||
Exercisable at December 31, 2013 | 912,390 | $ | 5.84 | 2.4 | $ | 1,104,611 | |||||||||||
Asset_Impairments_and_Exit_Act1
Asset Impairments and Exit Activity Costs (Tables) | 12 Months Ended | ||||
Dec. 31, 2013 | |||||
Accrued liabilities termination benefit | ' | ||||
At December 31, 2013, the accrual liability associated with termination benefits consisted of the following: | |||||
Charges | $ | 2,472 | |||
Payments made | (298 | ) | |||
Accrued liability | $ | 2,174 | |||
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Provision for Income Tax Expense (Benefit) | ' | ||||||||||||
Our provision for income tax expense (benefit) for continuing operations is comprised of the following: | |||||||||||||
For the Years Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Current: | |||||||||||||
Federal | $ | 536 | $ | (4,463 | ) | $ | 426 | ||||||
State | (68 | ) | (293 | ) | 129 | ||||||||
International | 223 | 196 | 236 | ||||||||||
691 | (4,560 | ) | 791 | ||||||||||
Deferred: | |||||||||||||
Federal | 23,619 | (4,552 | ) | (10,735 | ) | ||||||||
State | 1,591 | (328 | ) | (763 | ) | ||||||||
International | 73 | (4 | ) | (6 | ) | ||||||||
25,283 | (4,884 | ) | (11,504 | ) | |||||||||
$ | 25,974 | $ | (9,444 | ) | $ | (10,713 | ) | ||||||
Variations from Federal Statutory Rate | ' | ||||||||||||
Variations from the federal statutory rate are as follows: | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Expected federal income tax expense (benefit) at statutory rate of 34% | $ | 2,003 | $ | (4,348 | ) | $ | (12,235 | ) | |||||
Effect of permanent goodwill impairment and worthless stock differences | — | — | 7,668 | ||||||||||
Effect of 2008 State NOL’s and option forfeitures | 189 | — | — | ||||||||||
Effect of permanent enhanced charitable donation differences | — | (31 | ) | (25 | ) | ||||||||
Effect of permanent other differences | 269 | 34 | 96 | ||||||||||
Effect of change in financial statement carrying value of investment | — | (5,077 | ) | (5,534 | ) | ||||||||
State income tax expense (benefit), net of federal benefit | 67 | (196 | ) | (872 | ) | ||||||||
Federal tax credits | — | — | (164 | ) | |||||||||
Establishment of valuation allowance on net deferred tax assets | 23,153 | — | — | ||||||||||
Other | 337 | 209 | 406 | ||||||||||
Effect of differences between U.S. taxation and foreign taxation | (44 | ) | (35 | ) | (53 | ) | |||||||
Income tax expense (benefit) | $ | 25,974 | $ | (9,444 | ) | $ | (10,713 | ) | |||||
Components of Net Accumulated Deferred Income Tax Assets | ' | ||||||||||||
The components of the net accumulated deferred income tax assets as of December 31, 2013 and 2012 are as follows: | |||||||||||||
December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||
Deferred tax assets (liabilities): | |||||||||||||
Current: | |||||||||||||
Provision for doubtful accounts | $ | 171 | $ | 245 | |||||||||
Inventory-related expense | 950 | 699 | |||||||||||
Accrued liabilities | 3,341 | 3,888 | |||||||||||
Net operating loss carryforward | 820 | 3,617 | |||||||||||
Worthless Stock Deduction | 3,055 | — | |||||||||||
Impaired loans to affiliate | — | 959 | |||||||||||
Prepaid and deferred catalog costs | (103 | ) | (250 | ) | |||||||||
Other | 35 | (29 | ) | ||||||||||
Exit Activity Accruals | 1,603 | — | |||||||||||
Total current deferred tax assets | 9,872 | 9,129 | |||||||||||
Valuation allowance | (9,872 | ) | — | ||||||||||
Total current deferred tax assets, net of valuation allowance | $ | — | $ | 9,129 | |||||||||
Non-current: | |||||||||||||
Depreciation and amortization | $ | (825 | ) | $ | 288 | ||||||||
Section 181 qualified production expense | (850 | ) | (4,579 | ) | |||||||||
Net operating loss carryforward | 15,297 | 13,737 | |||||||||||
Charitable carryforward | 1,567 | 1,681 | |||||||||||
Loss (gain) from change in financial statement carrying value of investment, net | 55 | 228 | |||||||||||
Gain from foreign business acquisition | (347 | ) | (347 | ) | |||||||||
Impairment of intangibles | — | 5,412 | |||||||||||
Tax credits | 920 | 899 | |||||||||||
Other | 69 | 42 | |||||||||||
Total non-current deferred tax assets | 15,886 | 17,361 | |||||||||||
Valuation allowance | (15,886 | ) | (2,669 | ) | |||||||||
Total non-current deferred tax assets, net of valuation allowance | — | 14,692 | |||||||||||
Total net deferred tax assets | $ | — | $ | 23,821 | |||||||||
Sources of Income (Loss) Before Income Taxes | ' | ||||||||||||
The sources of income (loss) before income taxes are as follows: | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Domestic | $ | 5,503 | $ | (29,162 | ) | $ | (34,977 | ) | |||||
International | 373 | 493 | (1,009 | ) | |||||||||
$ | 5,876 | $ | (28,669 | ) | $ | (35,986 | ) | ||||||
Segment_and_Geographic_Informa1
Segment and Geographic Information (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Financial Information for Segments | ' | ||||||||||||
Financial information for our segments was as follows: | |||||||||||||
Year Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Net revenue: | |||||||||||||
Direct to consumer | $ | 52,051 | $ | 42,852 | $ | 45,041 | |||||||
Business | 103,412 | 84,390 | 69,393 | ||||||||||
Net revenue excluding Solar (RSOL) | 155,463 | 127,242 | 114,434 | ||||||||||
Solar | — | — | 109,257 | ||||||||||
Consolidated net revenue | 155,463 | 127,242 | 223,691 | ||||||||||
Contribution margin (loss): | |||||||||||||
Direct to consumer | (22,754 | )(b) | (17,308 | )(b) | (6,983 | ) | |||||||
Business | 1,113 | (b) | 7,135 | (22,087 | )(a) | ||||||||
Contribution margin (loss) excluding Solar (RSOL) | (21,641 | ) | (10,173 | ) | (29,070 | ) | |||||||
Solar | — | — | (2,276 | ) | |||||||||
Consolidated contribution margin (loss) | (21,641 | ) | (10,173 | ) | (31,346 | ) | |||||||
Reconciliation of contribution margin (loss) to net income (loss) attributable to Gaiam, Inc.: | |||||||||||||
Interest and other income (expense) | 2,421 | (86 | ) | (90 | ) | ||||||||
Gain on sale of investment in RSOL | 25,096 | — | — | ||||||||||
Loss from equity method investment in RSOL | — | (18,410 | ) | — | |||||||||
Loss on deconsolidation of RSOL | — | — | (4,550 | ) | |||||||||
Income tax expense (benefit) | 25,974 | (9,444 | ) | (10,713 | ) | ||||||||
Income from discontinued operations | (1,995 | ) | 6,648 | 3 | |||||||||
Net (income) loss attributable to noncontrolling interest | (659 | ) | (305 | ) | 398 | ||||||||
Net income (loss) attributable to Gaiam, Inc. | $ | (22,752 | ) | $ | (12,882 | ) | $ | (24,872 | ) | ||||
(a) | During 2011, we recognized a noncash goodwill impairment charge of $22.5 million in our business segment. | ||||||||||||
(b) | Includes investments in our digital subscription businesses of $8.5 million and $5.9 million for the years 2013 and 2012, respectively. Additionally, during 2013 we recognized impairment and severance charges of $11.0 million. | ||||||||||||
Reconciliation of Reportable Segments' Assets to Consolidated Total Assets | ' | ||||||||||||
The following is a reconciliation of reportable segments’ assets to our consolidated total assets. Other unallocated corporate amounts are comprised of cash, current and deferred income taxes, and property and equipment. | |||||||||||||
As of December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Total assets – Continuing Operations: | |||||||||||||
Direct to consumer | $ | 39,803 | $ | 30,500 | $ | 17,506 | |||||||
Business | 64,094 | 63,313 | 53,725 | ||||||||||
Other unallocated corporate amounts | 32,883 | 29,204 | 62,792 | ||||||||||
$ | 136,780 | $ | 123,017 | $ | 134,023 | ||||||||
Total assets – Discontinued Operations: | |||||||||||||
Direct to consumer | $ | 1,646 | $ | 7,925 | $ | 3,470 | |||||||
Business | 1,576 | 66,289 | 25,797 | ||||||||||
$ | 3,222 | $ | 74,214 | $ | 29,267 | ||||||||
$ | 140,002 | $ | 197,231 | $ | 163,290 | ||||||||
Geographical Data for Operations | ' | ||||||||||||
The following represents geographical data for our operations as of and for the years ended December 31, 2013, 2012 and 2011: | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Revenue: | |||||||||||||
United States | $ | 150,274 | $ | 122,183 | $ | 218,741 | |||||||
International | 5,189 | 5,059 | 4,950 | ||||||||||
$ | 155,463 | $ | 127,242 | $ | 223,691 | ||||||||
Long-Lived Assets: | |||||||||||||
United States | $ | 29,072 | $ | 33,827 | $ | 34,871 | |||||||
International | 246 | 626 | 370 | ||||||||||
$ | 29,318 | $ | 34,453 | $ | 35,241 | ||||||||
As of December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Components of Long-Lived Assets (a): | |||||||||||||
Property and equipment, net | $ | 22,540 | $ | 23,544 | $ | 23,634 | |||||||
Media Library, net | 5,211 | 10,441 | 10,884 | ||||||||||
Other Intangibles, net | 1,155 | 190 | 569 | ||||||||||
Other assets | 412 | 278 | 154 | ||||||||||
$ | 29,318 | $ | 34,453 | $ | 35,241 | ||||||||
(a) | Excludes other non-current assets (non-current deferred tax assets, net, goodwill, investments, notes receivable, security deposits and noncurrent assets from discontinued operations) of $15,432, $33,001, and $31,897 for 2013, 2012, and 2011, respectively. |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | ||||||||||||
Dec. 31, 2013 | |||||||||||||
Major Components of Assets and Liabilities of Discontinued Operations | ' | ||||||||||||
The major components of assets and liabilities of our discontinued operations were as follows: | |||||||||||||
December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | |||||||||||
Current assets: | |||||||||||||
Accounts receivable, net | $ | 2,168 | $ | 35,618 | |||||||||
Inventory, less allowances | 818 | 8,588 | |||||||||||
Deferred advertising costs | — | 3,506 | |||||||||||
Advances | — | 10,708 | |||||||||||
Other current assets | 226 | 532 | |||||||||||
Total current assets | 3,212 | 58,952 | |||||||||||
Property and equipment, net | — | 453 | |||||||||||
Media library, net | — | 2,649 | |||||||||||
Goodwill | — | 6,731 | |||||||||||
Other intangibles, net | — | 5,418 | |||||||||||
Other assets | 10 | 11 | |||||||||||
Total assets | $ | 3,222 | $ | 74,214 | |||||||||
Current liabilities: | |||||||||||||
Line of credit | $ | — | $ | 16,231 | |||||||||
Accounts payable | 1,121 | 7,920 | |||||||||||
Participations payable | — | 569 | |||||||||||
Accrued liabilities | 475 | 25,175 | |||||||||||
Total current liabilities | $ | 1,596 | $ | 49,895 | |||||||||
Income from Discontinued Operations Amounts as Reported on Consolidated Statements of Operations | ' | ||||||||||||
The income from discontinued operations amounts as reported on our consolidated statements of operations were comprised of the following amounts: | |||||||||||||
Years Ended December 31, | |||||||||||||
(in thousands) | 2013 | 2012 | 2011 | ||||||||||
Net revenue | $ | 53,539 | $ | 75,232 | $ | 51,082 | |||||||
Income from operations before income taxes | 2,386 | 10,417 | 59 | ||||||||||
Exit activity and asset impairment charges before income taxes (a) | (1,776 | ) | — | — | |||||||||
Income tax expense | (209 | ) | (3,769 | ) | (56 | ) | |||||||
Income from operations of discontinued operations | 401 | 6,648 | 3 | ||||||||||
Gain (loss) on disposal of discontinued operations: | |||||||||||||
Gain on sale of GVE before income taxes | 5,622 | — | — | ||||||||||
Loss on abandonment of DRTV before income taxes (b) | (9,481 | ) | — | — | |||||||||
Income tax expense | 1,463 | — | — | ||||||||||
Gain from disposal of discontinued operations | (2,396 | ) | — | — | |||||||||
Income from discontinued operations. | $ | (1,995 | ) | $ | 6,648 | $ | 3 | ||||||
(a) | In direct conjunction with the discontinuing of our GVE and DRTV operations, during 2013 we recognized exit activity charges of $0.8 million for employee termination benefits and $1.0 million for non-cancellable facility leases, of which $0.3 million had been paid as of December 31, 2013, the balance of these amounts is expected to be paid in 2014 | ||||||||||||
(b) | As a direct result of the discontinuance of our GVE and DRTV operations, we recognized impairment charges of $2.5 million for inventory, $3.8 million for deferred advertising costs, $0.8 million for advances, $0.4 million for property and equipment, $2.1 million for media library, $6.7 million for goodwill, and $3.5 million for other intangibles. |
Quarterly_Results_of_Operation1
Quarterly Results of Operations (Unaudited) (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Quarterly Financial Data | ' | ||||||||||||||||
The following tables set forth our unaudited results of operations for each of the quarters in 2013 and 2012. During 2013, we sold our non-branded entertainment media distribution operations and discontinued our DRTV operations. We now report these businesses as discontinued operations, and, accordingly, we have reclassified their results of operations for all periods presented to reflect them as such. In our opinion, this unaudited financial information includes all adjustments, consisting solely of normal recurring accruals and adjustments, necessary for a fair presentation of the results of operations for the quarters presented. | |||||||||||||||||
Year 2013 Quarters Ended | |||||||||||||||||
(in thousands, except per share data) | March 31 | June 30 | September 30 | December 31 (a) | |||||||||||||
Net revenue | $ | 36,679 | $ | 31,897 | $ | 36,128 | $ | 50,759 | |||||||||
Gross profit | 15,750 | 13,314 | 14,693 | 21,551 | |||||||||||||
Gain on sale of investment | — | 16,429 | 1,975 | 6,692 | |||||||||||||
Income (loss) from continuing operations | (2,203 | ) | 8,112 | (699 | ) | (25,308 | ) | ||||||||||
Income from discontinued operations | 1,981 | (129 | ) | 1,004 | (4,851 | ) | |||||||||||
Net income (loss) | (222 | ) | 7,983 | 305 | (30,159 | ) | |||||||||||
Net income (loss) attributable to Gaiam, Inc. | (277 | ) | 7,848 | 120 | (30,443 | ) | |||||||||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders – diluted: | |||||||||||||||||
From continuing operations | $ | (0.10 | ) | $ | 0.36 | $ | (0.03 | ) | $ | (1.08 | ) | ||||||
From discontinued operations | 0.09 | (0.01 | ) | 0.04 | (0.21 | ) | |||||||||||
Diluted net income (loss) per share attributable to Gaiam, Inc. | $ | (0.01 | ) | $ | 0.35 | $ | 0.01 | $ | (1.29 | ) | |||||||
Weighted average shares outstanding-diluted | 22,732 | 22,741 | 22,765 | 23,668 | |||||||||||||
Year 2012 Quarters Ended | |||||||||||||||||
(in thousands, except per share data) | March 31 | June 30 | September 30 (b) | December 31 | |||||||||||||
Net revenue | $ | 28,589 | $ | 24,531 | $ | 28,537 | $ | 45,586 | |||||||||
Gross profit | 13,995 | 10,585 | 12,601 | 19,338 | |||||||||||||
Loss from equity method investment | (696 | ) | (944 | ) | (15,940 | ) | (830 | ) | |||||||||
Loss from continuing operations | (1,977 | ) | (4,756 | ) | (11,923 | ) | (569 | ) | |||||||||
Income from discontinued operations | 679 | 2,647 | 997 | 2,325 | |||||||||||||
Net income (loss) | (1,298 | ) | (2,109 | ) | (10,926 | ) | 1,756 | ||||||||||
Net income (loss) attributable to Gaiam, Inc. | (1,219 | ) | (2,053 | ) | (11,157 | ) | 1,547 | ||||||||||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders – diluted: | |||||||||||||||||
From continuing operations | $ | (0.08 | ) | $ | (0.21 | ) | $ | (0.53 | ) | $ | (0.03 | ) | |||||
From discontinued operations | 0.03 | 0.12 | 0.04 | 0.1 | |||||||||||||
Diluted net income (loss) per share attributable to Gaiam, Inc. | $ | (0.05 | ) | $ | (0.09 | ) | $ | (0.49 | ) | $ | 0.07 | ||||||
Weighted average shares outstanding-diluted | 22,698 | 22,702 | 22,704 | 22,706 | |||||||||||||
(a) | We reported gains of $16.4 million, $2.0 million and $6.7 million in the second, third and fourth quarters of 2013 on the sale of our Real Goods Solar stock, the carrying value for which had previously been reduced to zero through the recognition of our portion of RSOL’s net losses. We recorded a charge of $11.0 million to exit certain businesses, to restructure certain operations, and a net loss of $2.0 million after selling GVE and closing DRTV in the fourth quarter. We also recorded a $23.2 million valuation allowance for our deferred tax assets in the fourth quarter of 2013. | ||||||||||||||||
(b) | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. |
Organization_Nature_of_Operati1
Organization, Nature of Operations, and Principles of Consolidation - Additional Information (Detail) (Real Goods Solar) | 28-May-13 | Dec. 31, 2011 |
Vote | ||
Class B Common Stock | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Number of votes per share | ' | 10 |
Class A Common Stock | ' | ' |
Schedule of Equity Method Investments [Line Items] | ' | ' |
Number of votes per share | ' | 1 |
Voting ownership percentage | 20.00% | 37.50% |
Significant_Accounting_Policie3
Significant Accounting Policies - Additional Information (Detail) (USD $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Letters of credit deposit funds | $500,000 | ' | ' | ||
Percentage of account receivable by major customer | 32.10% | 22.90% | 15.80% | ||
Allowance for doubtful accounts | 600,000 | 600,000 | ' | ||
Allowance for product returns | 1,600,000 | 2,600,000 | ' | ||
Estimated value of obsolete or slow-moving inventory | 2,100,000 | 1,500,000 | ' | ||
Advertising expense | 15,300,000 | 13,600,000 | 27,200,000 | ||
Equity investment with an estimated fair value | 1,300,000 | ' | ' | ||
Accumulated amortization of media library | 13,600,000 | 27,200,000 | ' | ||
Royalty payment expected to be incurred in 2014 | 3,000,000 | ' | ' | ||
Amortization Expense | 1,659,000 | [1] | 1,946,000 | [2] | 2,150,000 |
Amortization expense | 321,000 | 228,000 | 454,000 | ||
Estimated amortization expense of intangible assets for year 2014 | 493,000 | ' | ' | ||
Estimated amortization expense of intangible assets for year 2015 | 467,000 | ' | ' | ||
Estimated amortization expense of intangible assets for year 2016 | 195,000 | ' | ' | ||
Media library estimated amortization expense year 1 | 1,000,000 | ' | ' | ||
Media library estimated amortization expense year 2 | 1,000,000 | ' | ' | ||
Media library estimated amortization expense year 3 | 1,000,000 | ' | ' | ||
Media library estimated amortization expense year 4 | 1,000,000 | ' | ' | ||
Media library estimated amortization expense year 5 | 1,000,000 | ' | ' | ||
Estimated amortization expense of intangible assets thereafter | 0 | ' | ' | ||
Defined contribution plan percentage employee's matching contribution | 50.00% | ' | ' | ||
Defined contribution plan maximum annual matching contribution amount | 1,500 | ' | ' | ||
Common stock shares excluded from computation of dilutive earnings per share | 1,439,748 | 1,387,000 | 1,306,000 | ||
Minimum | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Estimated useful life of property and equipment | '3 years | ' | ' | ||
Estimated useful life of media library | '5 years | ' | ' | ||
Estimated useful life | '24 months | ' | ' | ||
Maximum | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Estimated useful life of property and equipment | '45 years | ' | ' | ||
Estimated useful life of media library | '15 years | ' | ' | ||
Period for gross revenues from all sources to be earned | '7 years | ' | ' | ||
Estimated useful life | '84 months | ' | ' | ||
Defined Contribution Pension Plan 401k | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Defined contribution plan maximum annual matching contribution amount, 401(K) | 300,000 | 200,000 | 200,000 | ||
Released Titles | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Capitalized production cost | 1,500,000 | ' | ' | ||
Expected amortization of capitalized production costs in 2014 | 1,600,000 | ' | ' | ||
Percentage of expected amortization of capitalized production costs in 2014 | 42.50% | ' | ' | ||
Percentage of expected amortization of capitalized production costs next three years | 86.30% | ' | ' | ||
Unreleased Titles | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Capitalized production cost | 100,000 | ' | ' | ||
Media Content | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Accumulated amortization for produced media content | 13,500,000 | 15,300,000 | ' | ||
Amortization Expense | 788,000 | 900,000 | 1,000,000 | ||
Media Titles and Rights | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Unamortized In Production Original Television Program Costs | 1,400,000 | ' | ' | ||
Amortization expense | 553,000 | 772,000 | 752,000 | ||
Estimated amortization expense of intangible assets for year 2014 | 150,000 | ' | ' | ||
Estimated amortization expense of intangible assets for year 2015 | 150,000 | ' | ' | ||
Estimated amortization expense of intangible assets for year 2016 | 150,000 | ' | ' | ||
Estimated amortization expense of intangible assets for year 2017 | 150,000 | ' | ' | ||
Estimated amortization expense of intangible assets for year 2018 | $150,000 | ' | ' | ||
Media Titles and Rights | Minimum | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Estimated useful life | '12 months | ' | ' | ||
Media Titles and Rights | Maximum | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Estimated useful life | '84 months | ' | ' | ||
Website development costs and other software | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Estimated useful life of property and equipment | '3 years | ' | ' | ||
Target | ' | ' | ' | ||
Significant Accounting Policies [Line Items] | ' | ' | ' | ||
Percentage of account receivable by major customer | 43.60% | 54.50% | ' | ||
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | ||||
[2] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. |
Changes_in_Goodwill_Detail
Changes in Goodwill (Detail) (USD $) | 12 Months Ended | |
In Thousands, unless otherwise specified | Dec. 31, 2013 | |
Goodwill [Line Items] | ' | |
Balance at December 31, 2011 and 2012 | $2,673 | |
Acquisitions | 11,326 | [1] |
Balance at December 31, 2013 | 13,999 | |
Direct to consumer | ' | |
Goodwill [Line Items] | ' | |
Balance at December 31, 2011 and 2012 | 2,673 | |
Acquisitions | 11,326 | [1] |
Balance at December 31, 2013 | 13,999 | |
Business | ' | |
Goodwill [Line Items] | ' | |
Balance at December 31, 2011 and 2012 | ' | |
Acquisitions | ' | [1] |
Balance at December 31, 2013 | ' | |
[1] | The estimated purchase price and fair value of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the closing date. We believe that information provides a reasonable basis for estimating the consideration transferred and the fair values of the assets acquired and liabilities assumed, but we are waiting for additional information necessary to finalize the amounts and identify separable intangibles. Therefore, the provisional purchase price allocations are subject to change and such changes could be significant. |
Other_Intangibles_Subject_to_A
Other Intangibles Subject to Amortization by Major Class (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Customer-Related Intangible Assets | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | $1,818 | $649 |
Accumulated amortization | -743 | -463 |
Finite-Lived Intangible Assets, Net, Total | 1,075 | 186 |
Marketing-Related Intangible Assets | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 656 | 576 |
Accumulated amortization | -576 | -572 |
Finite-Lived Intangible Assets, Net, Total | $80 | $4 |
Tax_Effects_allocated_to_Accum
Tax Effects allocated to Accumulated Other Comprehensive Income (Loss) Components (Detail) (USD $) | 12 Months Ended | ||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Schedule of Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Before-tax amount | ($262) | $14 | ($3) |
Tax expense (benefit) | -86 | 4 | -1 |
Net-of-tax amount | ($176) | $10 | ($2) |
Computation_of_Basic_and_Dilut
Computation of Basic and Diluted Net Income (Loss) Per Share Attributable to Gaiam, Inc. Common Shareholders (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||
Net income (loss) attributable to Gaiam, Inc. common shareholders: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ($20,757) | ($19,530) | ($24,875) | ||||
Income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | -1,995 | 6,648 | 3 | ||||
Net income (loss) attributable to Gaiam, Inc. | ' | ' | ' | ' | ' | ' | ' | ' | ($22,752) | ($12,882) | [1] | ($24,872) | [1] | ||
Weighted average shares for basic net income (loss) per share | ' | ' | ' | ' | ' | ' | ' | ' | 22,972 | 22,703 | [1] | 23,126 | [1] | ||
Effect of dilutive securities: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Weighted average of common stock and stock options | ' | ' | ' | ' | ' | ' | ' | ' | 143 | ' | ' | ||||
Weighted average shares for diluted net income (loss) per share | 23,668 | [2] | 22,765 | 22,741 | 22,732 | 22,706 | 22,704 | [3] | 22,702 | 22,698 | 23,115 | 22,703 | [1] | 23,126 | [1] |
Net income (loss) per share attributable to Gaiam, Inc. common shareholders-basic: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ($0.90) | ($0.86) | [1] | ($1.08) | [1] | ||
Income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ($0.09) | $0.29 | [1] | $0 | [1] | ||
Basic net income (loss) per share attributable to Gaiam, Inc. | ' | ' | ' | ' | ' | ' | ' | ' | ($0.99) | ($0.57) | [1] | ($1.08) | [1] | ||
Net income (loss) per share attributable to Gaiam, Inc. common shareholders-diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations | ($1.08) | [2] | ($0.03) | $0.36 | ($0.10) | ($0.03) | ($0.53) | [3] | ($0.21) | ($0.08) | ($0.89) | ($0.86) | [1] | ($1.08) | [1] |
Income from discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | ($0.09) | $0.29 | [1] | $0 | [1] | ||
Diluted net income (loss) per share attributable to Gaiam, Inc. | ($1.29) | [2] | $0.01 | $0.35 | ($0.01) | $0.07 | ($0.49) | [3] | ($0.09) | ($0.05) | ($0.98) | ($0.57) | [1] | ($1.08) | [1] |
[1] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | ||||||||||||||
[2] | We reported gains of $16.4 million, $2.0 million and $6.7 million in the second, third and fourth quarters of 2013 on the sale of our Real Goods Solar stock, the carrying value for which had previously been reduced to zero through the recognition of our portion of RSOL's net losses. We recorded a charge of $11.0 million to exit certain businesses, to restructure certain operations, and a net loss of $2.0 million after selling GVE and closing DRTV in the fourth quarter. We also recorded a $23.2 million valuation allowance for our deferred tax assets in the fourth quarter of 2013. | ||||||||||||||
[3] | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Nov. 05, 2013 | Dec. 19, 2011 | Apr. 23, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Mar. 27, 2013 | Dec. 31, 2013 | Mar. 27, 2013 | Dec. 31, 2013 | |
Class A Common Stock | Class A Common Stock | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | ||||
Loan | Scenario 1 | Scenario 1 | Scenario 2 | Scenario 2 | Class A Common Stock | |||||||||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercorporate services agreement termination date | ' | ' | ' | ' | ' | ' | ' | ' | 'December 19, 2013 | ' | ' | ' | ' | ' | ' | ' |
Related party transaction | ' | ' | ' | ' | ' | ' | ' | ' | $0 | $300,000 | $400,000 | ' | ' | ' | ' | ' |
Federal income tax rate | 34.00% | 34.00% | 34.00% | ' | ' | ' | ' | ' | 34.00% | ' | ' | ' | ' | ' | ' | ' |
Operating loss carryforwards, if unused, expiration year | ' | ' | ' | ' | ' | ' | ' | ' | '2018 | ' | ' | ' | ' | ' | ' | ' |
Portion of net operating loss carryforwards | ' | ' | ' | ' | ' | ' | ' | ' | 4,400,000 | ' | ' | ' | ' | ' | ' | ' |
Deferred tax asset related to Tax Sharing Agreement | ' | 1,600,000 | ' | ' | ' | ' | ' | ' | ' | 1,600,000 | ' | ' | ' | ' | ' | ' |
Lease agreement period | ' | ' | ' | ' | ' | ' | '5 years | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Monthly lease payments | ' | ' | ' | ' | ' | ' | 22,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain from sale of investment | 25,096,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25,000,000 |
Common stock , Voting percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% |
Unsecured and subordinated loans, number of loans outstanding | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' |
Unsecured and subordinated loans, total amount receivable | ' | ' | ' | ' | ' | ' | ' | 1,700,000 | ' | 2,700,000 | ' | ' | 1,000,000 | ' | 1,700,000 | ' |
Percentage annual interest rate on advanced investment | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' |
Maturity date of loan advanced | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 26-Apr-14 | ' | 30-Apr-14 | ' | ' |
Unsecured and subordinated loans, total amount converted to shares | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured and subordinated loans, shares converted | ' | ' | ' | ' | ' | ' | ' | 62,111 | ' | ' | ' | ' | ' | ' | ' | ' |
Collections for loans receivable | ' | ' | ' | ' | ' | 2,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquisition of RSOL's tenant leasehold improvements | ' | ' | ' | ' | ' | $200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock outstanding | ' | ' | ' | 18,595,121 | 17,330,464 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 836,989 |
Property_and_Equipment_Stated_
Property and Equipment, Stated at Lower of Cost or Estimated Fair Value (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
In Thousands, unless otherwise specified | ||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | $51,567 | $50,866 | ' | |||
Accumulated depreciation and amortization | -29,027 | -27,322 | ' | |||
Property and equipment, net | 22,540 | [1] | 23,544 | [1] | 23,634 | [1] |
Land | ' | ' | ' | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | 5,603 | 5,582 | ' | |||
Buildings | ' | ' | ' | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | 16,637 | 16,366 | ' | |||
Furniture, fixtures and equipment | ' | ' | ' | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | 6,839 | 6,213 | ' | |||
Leasehold improvements | ' | ' | ' | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | 1,622 | 1,633 | ' | |||
Website development costs and other software | ' | ' | ' | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | 9,919 | 10,015 | ' | |||
Studios, computer and telephone equipment | ' | ' | ' | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | 9,182 | 9,292 | ' | |||
Warehouse and distribution equipment | ' | ' | ' | |||
Property, Plant and Equipment [Line Items] | ' | ' | ' | |||
Property and equipment | $1,765 | $1,765 | ' | |||
[1] | Excludes other non-current assets (non-current deferred tax assets, net, goodwill, investments, notes receivable, security deposits and noncurrent assets from discontinued operations) of $15,432, $33,001, and $31,897 for 2013, 2012, and 2011, respectively. |
Components_of_Accrued_Liabilit
Components of Accrued Liabilities (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Liabilities [Line Items] | ' | ' |
Accrued compensation | $5,500 | $2,031 |
Customer deposits | 8,478 | 6,086 |
Other accrued liabilities | 3,525 | 1,367 |
Accrued liabilities | $17,503 | $9,484 |
Accrued_Liabilities_Additional
Accrued Liabilities - Additional Information (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accrued Liabilities [Line Items] | ' | ' |
Severance and termination benefit | $5,500 | $2,031 |
Severance and termination benefit | ' | ' |
Accrued Liabilities [Line Items] | ' | ' |
Severance and termination benefit | $2,500 | ' |
Annual_Future_Minimum_Lease_Pa
Annual Future Minimum Lease Payments Required under Operating Leases (Detail) (USD $) | Dec. 31, 2013 |
In Thousands, unless otherwise specified | |
Operating Leased Assets [Line Items] | ' |
2014 | $1,848 |
2015 | 1,112 |
2016 | 325 |
2017 | ' |
Total minimum lease payments | $3,285 |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | 12 Months Ended | ||
In Millions, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Commitments and Contingencies [Line Items] | ' | ' | ' |
Rent expense | $1 | $1 | $1.50 |
Equity_Additional_Information_
Equity - Additional Information (Detail) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Oct. 11, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Oct. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 28-May-13 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | |
Noncontrolling Interest | Class B Common Stock Converted Into Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class A Common Stock | Class B Common Stock | Class B Common Stock | Class B Common Stock | Class B Common Stock | ||||
My Yoga Online ULC | Board of Directors Chairman | Real Goods Solar | Real Goods Solar | Real Goods Solar | Long-Term Incentive Plan 2009 | Long-Term Incentive Plan 2009 | Long-Term Incentive Plan 2009 | Long-Term Incentive Plan 1999 | Board of Directors Chairman | Real Goods Solar | ||||||||||||
Vote | Vote | |||||||||||||||||||||
Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of shares for compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49,187 | 32,620 | 11,518 | ' | ' | ' | ' | ' |
Issuance stock upon exercise of options | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 160,470 | ' | ' | 15,200 | ' | ' | ' | ' |
Restricted stock award agreements, number of shares issued | ' | ' | ' | ' | ' | 15,759 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Business acquisition, shares consideration transferred | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,055,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership by parent in subsidiary | ' | 51.40% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend paid from additional paid in capital | ' | $700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend paid from retained earnings | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Decrease in Gaiam, Inc.'s paid-in capital for its subsidiary's acquisition of a noncontrolling interest | ' | ' | ' | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares repurchased | ' | ' | ' | ' | ' | ' | 628,003 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares repurchased, value | ' | ' | $2,264,000 | ' | ' | ' | $2,264,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of votes per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | 10 |
Voting ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20.00% | 37.50% | ' | ' | ' | ' | ' | ' | ' | ' |
Ownership percentage of common stock shares outstanding of chairman | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' |
Common stock, shares outstanding | ' | ' | ' | ' | ' | ' | ' | 18,595,121 | 17,330,464 | ' | 648,682 | 836,989 | ' | ' | ' | ' | ' | ' | 5,400,000 | 5,400,000 | 5,400,000 | ' |
Stock conversion ratio | ' | ' | ' | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Effect_of_Changes_in_Gaiam_Inc
Effect of Changes in Gaiam, Inc.'s Ownership Interest in Its Subsidiaries on Gaiam, Inc.'s Equity (Detail) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Noncontrolling Interest [Line Items] | ' | ' | ' | ||
Net income (loss) attributable to Gaiam, Inc. | ($22,752) | ($12,882) | [1] | ($24,872) | [1] |
Transfers from the noncontrolling interest: | ' | ' | ' | ||
Change from the net income (loss) attributable to Gaiam, Inc. and transfers from the noncontrolling interest | ' | -13,052 | -22,526 | ||
Paid-in Capital | ' | ' | ' | ||
Transfers from the noncontrolling interest: | ' | ' | ' | ||
Increase (Decrease) in Gaiam, Inc.'s paid-in capital for its acquisition | ' | -170 | ' | ||
Paid-in Capital | Real Goods Solar | ' | ' | ' | ||
Transfers from the noncontrolling interest: | ' | ' | ' | ||
Increase in Gaiam, Inc.'s paid-in capital for the issuance of 29,408 Real Goods Solar Class A common shares in conjunction with nonemployee director fees, and for employee share-based compensation | ' | ' | 193 | ||
Decrease in Gaiam, Inc.'s paid-in capital for Real Goods Solar's repurchase of 379,400 of its Class A common shares | ' | ' | -125 | ||
Increase in Gaiam, Inc.'s paid-in capital in conjunction with the remeasurement of deferred tax liabilities related to our equity investment in Real Goods Solar upon deconsolidation | ' | ' | 562 | ||
Paid-in Capital | Real Goods Solar | Alteris | ' | ' | ' | ||
Transfers from the noncontrolling interest: | ' | ' | ' | ||
Increase (Decrease) in Gaiam, Inc.'s paid-in capital for its acquisition | ' | ' | $1,716 | ||
[1] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. |
Effect_of_Changes_in_Gaiam_Inc1
Effect of Changes in Gaiam, Inc.'s Ownership Interest in Its Subsidiaries on Gaiam, Inc.'s Equity (Parenthetical) (Detail) (Paid-in Capital, USD $) | 12 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2011 |
Real Goods Solar | Alteris | ||
Real Goods Solar | |||
Noncontrolling Interest [Line Items] | ' | ' | ' |
Acquisition of a noncontrolling interest, related taxes | $16 | ' | ' |
Issuance of Real Goods Solar Class A common shares in conjunction with nonemployee director fees, and for employee share-based compensation | ' | 29,408 | ' |
Issuance of Real Goods Solar Class A common shares in conjunction with its acquisition of Alteris | ' | ' | 8,700,000 |
Real Goods Solar's repurchase of its Class A common shares | ' | 379,400 | ' |
Class_A_Common_Shares_Reserved
Class A Common Shares Reserved for Future Issuance (Detail) (Class A Common Stock) | Dec. 31, 2012 |
Class of Stock [Line Items] | ' |
Total shares reserved for future issuance | 7,062,450 |
Stock Option | ' |
Class of Stock [Line Items] | ' |
Total shares reserved for future issuance | 1,662,450 |
Class B Common Stock Converted Into Class A Common Stock | ' |
Class of Stock [Line Items] | ' |
Total shares reserved for future issuance | 5,400,000 |
ShareBased_Compensation_Additi
Share-Based Compensation - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||
Nov. 08, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Oct. 11, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Mar. 05, 2012 | Dec. 31, 2009 | Dec. 31, 2009 | Dec. 31, 2009 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2009 | Dec. 31, 2013 | |||
Employee | Before Amendment | After Amendment | Class A Common Stock | Real Goods Solar | Long Term Incentive Plan 2009 | Long Term Incentive Plan 2009 | Long-Term Incentive Plan 1999 | Long-Term Incentive Plan 1999 | Long-Term Incentive Plan 1999 | Long-Term Incentive Plan 1999 | Long-Term Incentive Plan 1999 | Long Term Incentive Plan, Two Thousand Nine and Nineteen Ninety Nine | Stock Option | Stock Option | Non Employee Board Member Stock Options | ||||||
Class A Common Stock | Employee | Maximum | Minimum | Class A Common Stock | Long-Term Incentive Plan 1999 | ||||||||||||||||
Employee | |||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Number of shares that may be issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Plan termination date | ' | ' | ' | ' | ' | ' | ' | ' | 23-Apr-19 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Rate at which options vest and become exercisable per month | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Period over which options vest and become exercisable | ' | '50 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Compensation expense related to share-based payment awards | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '5 years | ' | '2 years | ||
Granted Stock Options expiration date | ' | ' | ' | ' | '7 years | '10 years | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ||
Number of former board members | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Incremental share-based compensation cost | $100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Granted Stock Options expiration date extended period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ||
Number of employees | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7 | ' | ' | ' | ' | ' | ' | ' | ' | ||
Total incremental share-based compensation cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ||
Number of employees award granted | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49 | ' | ||
Revised exercise price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $5 | ' | ' | ' | ' | ' | ' | ' | ||
Total incremental share-based compensation cost recognizable over 2009 through 2013 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' | ||
Total incremental share-based compensation cost recognizable, year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2009 | '2013 | ' | ' | ' | ' | ' | ||
Cash from stock options exercised | ' | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Issuance stock upon exercise of options | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,200 | 160,470 | ' | ' | ' | ||
Weighted-average grant-date fair value of options granted | ' | $3.14 | $2.39 | $2.32 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Total intrinsic value of options exercised | ' | 100,000 | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Total fair value of shares vested | ' | 600,000 | 800,000 | 800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Restricted stock award agreements, number of shares issued | ' | ' | ' | ' | ' | ' | 15,759 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Restricted stock award agreements, estimated fair value of shares issued | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Restricted stock award agreements, percentage vested | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Restricted stock award agreements, vesting date | ' | ' | ' | ' | ' | ' | 10-Apr-14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Share-based compensation expense | ' | 809,000 | [1] | 913,000 | [2] | 1,540,000 | ' | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax benefit recognized for share-based compensation | ' | 300,000 | 400,000 | 600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Unrecognized cost related to nonvested shared-based compensation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1,400,000 | ' | ' | ' | ||
Expected cost to be recognized over a weighted-average period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years 9 months 11 days | ' | ' | ' | ||
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | ||||||||||||||||||||
[2] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. |
Variables_Used_in_BlackScholes
Variables Used in Black-Scholes Option Pricing Model to Determine Estimated Grant Date Fair Value for Options Granted (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected volatility | ' | 59.00% | ' |
Expected volatility, minimum | 57.00% | ' | 58.00% |
Expected volatility, maximum | 61.00% | ' | 61.00% |
Weighted-average volatility | 58.00% | 59.00% | 59.00% |
Expected term (in years) | ' | '7 years 1 month 6 days | ' |
Risk-free rate, minimum | 1.33% | 1.36% | 1.50% |
Risk-free rate, maximum | 2.32% | 1.61% | 3.13% |
Minimum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected dividends | ' | ' | 2.80% |
Expected term (in years) | '5 years 1 month 6 days | ' | '7 years 1 month 6 days |
Maximum | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' |
Expected dividends | ' | ' | 4.20% |
Expected term (in years) | '7 years 9 months 18 days | ' | '9 years 3 months 18 days |
Summary_of_Option_Activity_Det
Summary of Option Activity (Detail) (USD $) | 12 Months Ended | |
Dec. 31, 2012 | Dec. 31, 2013 | |
Long Term Incentive Plan, Two Thousand Nine and Nineteen Ninety Nine | ||
Number of stock options | ' | ' |
Outstanding at January 1, 2013 | ' | 1,406,450 |
Granted | ' | 527,500 |
Exercised | 0 | -160,470 |
Cancelled or forfeited | ' | -111,030 |
Outstanding at December 31, 2013 | ' | 1,662,450 |
Exercisable at December 31, 2013 | ' | 912,390 |
Weighted Average Exercise Price | ' | ' |
Outstanding at January 1, 2013 | ' | $5.61 |
Granted | ' | $5.30 |
Exercised | ' | $4.84 |
Cancelled or forfeited | ' | $4.63 |
Outstanding at December 31, 2013 | ' | $5.65 |
Exercisable at December 31, 2013 | ' | $5.84 |
Weighted Average Remaining Contractual Life (in years) | ' | ' |
Outstanding at December 31, 2013 | ' | '5 years 2 months 12 days |
Exercisable at December 31, 2013 | ' | '2 years 4 months 24 days |
Aggregate Intrinsic Value | ' | ' |
Outstanding at December 31, 2013 | ' | $2,049,536 |
Exercisable at December 31, 2013 | ' | $1,104,611 |
Asset_Impairments_and_Exit_Act2
Asset Impairments and Exit Activity Costs - Additional Information (Detail) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Asset Impairment And Closure Costs [Line Items] | ' |
Termination benefits recorded | $2,472,000 |
Other general expenses | 1,300,000 |
Business | ' |
Asset Impairment And Closure Costs [Line Items] | ' |
Asset impairment charges | 5,100,000 |
Direct to consumer | ' |
Asset Impairment And Closure Costs [Line Items] | ' |
Asset impairment charges | 2,000,000 |
Severance and termination benefit | ' |
Asset Impairment And Closure Costs [Line Items] | ' |
Termination benefits recorded | 2,472,000 |
Accrued liability | 2,174,000 |
Expected restructuring payment in 2014 | 1,300,000 |
Expected restructuring payment in 2015 | 500,000 |
Expected restructuring payment in 2015 | 400,000 |
Media Library | ' |
Asset Impairment And Closure Costs [Line Items] | ' |
Asset impairment charges | 4,400,000 |
Advances | ' |
Asset Impairment And Closure Costs [Line Items] | ' |
Asset impairment charges | 1,500,000 |
Property and Equipment | ' |
Asset Impairment And Closure Costs [Line Items] | ' |
Asset impairment charges | $1,300,000 |
Accrued_liabilities_terminatio
Accrued liabilities termination benefit (Detail) (USD $) | 12 Months Ended |
In Thousands, unless otherwise specified | Dec. 31, 2013 |
Schedule of Accrued Liabilities [Line Items] | ' |
Charges | $2,472 |
Severance and termination benefit | ' |
Schedule of Accrued Liabilities [Line Items] | ' |
Charges | 2,472 |
Payments made | -298 |
Accrued liability | $2,174 |
Provision_for_Income_Tax_Expen
Provision for Income Tax Expense (Benefit) (Detail) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Current: | ' | ' | ' | ||
Federal | $536 | ($4,463) | $426 | ||
State | -68 | -293 | 129 | ||
International | 223 | 196 | 236 | ||
Current Income Tax Expense (Benefit), Total | 691 | -4,560 | 791 | ||
Deferred: | ' | ' | ' | ||
Federal | 23,619 | -4,552 | -10,735 | ||
State | 1,591 | -328 | -763 | ||
International | 73 | -4 | -6 | ||
Deferred Income Tax Expense (Benefit), Total | 25,283 | -4,884 | -11,504 | ||
Income tax expense (benefit) | $25,974 | ($9,444) | [1] | ($10,713) | [1] |
[1] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. |
Variations_from_Federal_Statut
Variations from Federal Statutory Rate (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Reconciliation Of Income Taxes [Line Items] | ' | ' | ' | ' | ||
Expected federal income tax expense (benefit) at statutory rate of 34% | ' | $2,003 | ($4,348) | ($12,235) | ||
Effect of permanent goodwill impairment and worthless stock differences | ' | ' | ' | 7,668 | ||
Effect of 2008 State NOL's and option forfeitures | ' | 189 | ' | ' | ||
Effect of permanent enhanced charitable donation differences | ' | ' | -31 | -25 | ||
Effect of permanent other differences | ' | 269 | 34 | 96 | ||
Effect of change in financial statement carrying value of investment | ' | ' | -5,077 | -5,534 | ||
State income tax expense (benefit), net of federal benefit | ' | 67 | -196 | -872 | ||
Federal tax credits | ' | ' | ' | -164 | ||
Establishment of valuation allowance on net deferred tax assets | 23,153 | 23,153 | ' | ' | ||
Other | ' | 337 | 209 | 406 | ||
Effect of differences between U.S. taxation and foreign taxation | ' | -44 | -35 | -53 | ||
Income tax expense (benefit) | ' | $25,974 | ($9,444) | [1] | ($10,713) | [1] |
[1] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. |
Variations_from_Federal_Statut1
Variations from Federal Statutory Rate (Parenthetical) (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Reconciliation Of Income Taxes [Line Items] | ' | ' | ' |
Expected federal income tax expense (benefit), statutory rate | 34.00% | 34.00% | 34.00% |
Components_of_Net_Accumulated_
Components of Net Accumulated Deferred Income Tax Assets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current: | ' | ' |
Provision for doubtful accounts | $171 | $245 |
Inventory-related expense | 950 | 699 |
Accrued liabilities | 3,341 | 3,888 |
Net operating loss carryforward | 820 | 3,617 |
Worthless Stock Deduction | 3,055 | ' |
Impaired loans to affiliate | ' | 959 |
Prepaid and deferred catalog costs | -103 | -250 |
Other | 35 | -29 |
Exit Activity Accruals | 1,603 | ' |
Total current deferred tax assets | 9,872 | 9,129 |
Valuation allowance | -9,872 | ' |
Total current deferred tax assets, net of valuation allowance | ' | 9,129 |
Non-current: | ' | ' |
Depreciation and amortization | -825 | 288 |
Section 181 qualified production expense | -850 | -4,579 |
Net operating loss carryforward | 15,297 | 13,737 |
Charitable carryforward | 1,567 | 1,681 |
Loss (gain) from change in financial statement carrying value of investment, net | 55 | 228 |
Gain from foreign business acquisition | -347 | -347 |
Impairment of intangibles | ' | 5,412 |
Tax credits | 920 | 899 |
Other | 69 | 42 |
Total non-current deferred tax assets | 15,886 | 17,361 |
Valuation allowance | -15,886 | -2,669 |
Total non-current deferred tax assets, net of valuation allowance | ' | 14,692 |
Total net deferred tax assets | ' | $23,821 |
Sources_of_Income_Loss_Before_
Sources of Income (Loss) Before Income Taxes (Detail) (USD $) | 12 Months Ended | ||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Schedule of Components of Income Before Income Tax Expense (Benefit) [Line Items] | ' | ' | ' | ||
Domestic | $5,503 | ($29,162) | ($34,977) | ||
International | 373 | 493 | -1,009 | ||
Income (loss) before income taxes | $5,876 | ($28,669) | [1] | ($35,986) | [1] |
[1] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Maximum | Foreign Tax Authority | Real Goods Solar | Real Goods Solar | ||||
Income Taxes [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Income tax expense (benefit) | ' | ' | ' | ' | ' | $6,000,000 | $7,100,000 |
Credit to additional paid-in capital | ' | ' | ' | ' | ' | ' | 600,000 |
Ownership percentage in a subsidiary | ' | ' | 51.40% | 80.00% | ' | ' | ' |
Undistributed foreign earnings for which provision for U.S. federal and state income taxes made | ' | ' | ' | ' | 300,000 | ' | ' |
Establishment of valuation allowance on net deferred tax assets | 23,153,000 | 23,153,000 | ' | ' | ' | ' | ' |
Deferred tax asset related to Tax Sharing Agreement | ' | ' | 1,600,000 | ' | ' | 1,600,000 | ' |
Tax deductions recorded to additional paid-in capital as a result of the exercise of stock options | ' | 500,000 | ' | ' | ' | ' | ' |
Tax benefits recorded to additional paid-in capital as a result of the exercise of stock options | ' | 700,000 | ' | ' | ' | ' | ' |
Additional paid-in capital charged as a result of adjustments to a deferred tax liability | ' | ' | ' | ' | ' | ' | $900,000 |
Segment_and_Geographic_Informa2
Segment and Geographic Information - Additional Information (Detail) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Segment | |||
Segment Reporting Information [Line Items] | ' | ' | ' |
Number of discontinued segments | 2 | ' | ' |
Reportable segments | 2 | ' | ' |
Percent sale to major customer of total revenue | 32.10% | 22.90% | 15.80% |
Financial_Information_for_Segm
Financial Information for Segments (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Net revenue | $50,759 | [1] | $36,128 | $31,897 | $36,679 | $45,586 | $28,537 | [2] | $24,531 | $28,589 | $155,463 | $127,242 | [3] | $223,691 | [3] | |
Contribution loss | ' | ' | ' | ' | ' | ' | ' | ' | -21,641 | -10,173 | [3] | -31,346 | [3] | |||
Reconciliation of contribution margin (loss) to net income (loss) attributable to Gaiam, Inc.: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Interest and other income (expense) | ' | ' | ' | ' | ' | ' | ' | ' | 2,421 | -86 | [3] | -90 | [3] | |||
Gain on sale of investment in RSOL | ' | ' | ' | ' | ' | ' | ' | ' | 25,096 | ' | ' | |||||
Loss from equity method investment in RSOL | ' | ' | ' | ' | -830 | -15,940 | [2] | -944 | -696 | ' | -18,410 | [3] | ' | |||
Loss on deconsolidation of RSOL | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,550 | [3] | ||||
Income tax expense (benefit) | ' | ' | ' | ' | ' | ' | ' | ' | 25,974 | -9,444 | [3] | -10,713 | [3] | |||
Income from discontinued operations | -4,851 | [1] | 1,004 | -129 | 1,981 | 2,325 | 997 | [2] | 2,647 | 679 | -1,995 | [4] | 6,648 | [3],[5] | 3 | [3] |
Net (income) loss attributable to noncontrolling interest | 30,443 | [1] | -120 | -7,848 | 277 | -1,547 | 11,157 | [2] | 2,053 | 1,219 | -659 | -305 | [3] | 398 | [3] | |
Net income (loss) attributable to Gaiam, Inc. | ' | ' | ' | ' | ' | ' | ' | ' | -22,752 | -12,882 | [3] | -24,872 | [3] | |||
Continuing operations | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 155,463 | 127,242 | 114,434 | |||||
Contribution loss | ' | ' | ' | ' | ' | ' | ' | ' | -21,641 | -10,173 | -29,070 | |||||
Continuing operations | Direct to consumer | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 52,051 | 42,852 | 45,041 | |||||
Contribution loss | ' | ' | ' | ' | ' | ' | ' | ' | -22,754 | [6] | -17,308 | [6] | -6,983 | |||
Continuing operations | Business | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | 103,412 | 84,390 | 69,393 | |||||
Contribution loss | ' | ' | ' | ' | ' | ' | ' | ' | 1,113 | [6] | 7,135 | -22,087 | [7] | |||
Discontinued operations | Real Goods Solar | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 109,257 | |||||
Contribution loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($2,276) | |||||
[1] | We reported gains of $16.4 million, $2.0 million and $6.7 million in the second, third and fourth quarters of 2013 on the sale of our Real Goods Solar stock, the carrying value for which had previously been reduced to zero through the recognition of our portion of RSOL's net losses. We recorded a charge of $11.0 million to exit certain businesses, to restructure certain operations, and a net loss of $2.0 million after selling GVE and closing DRTV in the fourth quarter. We also recorded a $23.2 million valuation allowance for our deferred tax assets in the fourth quarter of 2013. | |||||||||||||||
[2] | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. | |||||||||||||||
[3] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | |||||||||||||||
[4] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||||||||||||||
[5] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. | |||||||||||||||
[6] | Includes investments in our digital subscription businesses of $8.5 million and $5.9 million for the years 2013 and 2012, respectively. Additionally, during 2013 we recognized impairment and severance charges of $11.0 million. | |||||||||||||||
[7] | During 2011, we recognized a noncash goodwill impairment charge of $22.5 million in our business segment. |
Financial_Information_for_Segm1
Financial Information for Segments (Parenthetical) (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Segment Reporting Information [Line Items] | ' | ' | ' | |
Goodwill impairment charges | $9,194,000 | [1] | ' | $22,456,000 |
Investment in digital subscription businesses | 8,500,000 | 5,900,000 | ' | |
Recognized impairement and servence charge | $11,000,000 | ' | ' | |
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. |
Reconciliation_of_Reportable_S
Reconciliation of Reportable Segments' Assets to Consolidated Total Assets (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
In Thousands, unless otherwise specified | |||
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | $140,002 | $197,231 | $163,290 |
Continuing operations | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | 136,780 | 123,017 | 134,023 |
Discontinued operations | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | 3,222 | 74,214 | 29,267 |
Operating Segments | Continuing operations | Direct to consumer | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | 39,803 | 30,500 | 17,506 |
Operating Segments | Continuing operations | Business | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | 64,094 | 63,313 | 53,725 |
Operating Segments | Discontinued operations | Direct to consumer | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | 1,646 | 7,925 | 3,470 |
Operating Segments | Discontinued operations | Business | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | 1,576 | 66,289 | 25,797 |
Other unallocated corporate amounts | Continuing operations | ' | ' | ' |
Segment Reporting, Asset Reconciling Item [Line Items] | ' | ' | ' |
Assets | $32,883 | $29,204 | $62,792 |
Geographical_Data_for_Operatio
Geographical Data for Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | |||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||||||
Revenue: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net revenues | $50,759 | [1] | $36,128 | $31,897 | $36,679 | $45,586 | $28,537 | [2] | $24,531 | $28,589 | $155,463 | $127,242 | [3] | $223,691 | [3] | ||
Long-Lived Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Long-Lived Assets | 29,318 | [4] | ' | ' | ' | 34,453 | [4] | ' | ' | ' | 29,318 | [4] | 34,453 | [4] | 35,241 | [4] | |
Property and equipment, net | 22,540 | [4] | ' | ' | ' | 23,544 | [4] | ' | ' | ' | 22,540 | [4] | 23,544 | [4] | 23,634 | [4] | |
Media Library, net | 5,211 | [4] | ' | ' | ' | 10,441 | [4] | ' | ' | ' | 5,211 | [4] | 10,441 | [4] | 10,884 | [4] | |
Other intangibles, net | 1,155 | [4] | ' | ' | ' | 190 | [4] | ' | ' | ' | 1,155 | [4] | 190 | [4] | 569 | [4] | |
Other assets | 412 | [4] | ' | ' | ' | 278 | [4] | ' | ' | ' | 412 | [4] | 278 | [4] | 154 | [4] | |
UNITED STATES | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Revenue: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 150,274 | 122,183 | 218,741 | ||||||
Long-Lived Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Long-Lived Assets | 29,072 | ' | ' | ' | 33,827 | ' | ' | ' | 29,072 | 33,827 | 34,871 | ||||||
International | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Revenue: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Net revenues | ' | ' | ' | ' | ' | ' | ' | ' | 5,189 | 5,059 | 4,950 | ||||||
Long-Lived Assets: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||||||
Long-Lived Assets | $246 | ' | ' | ' | $626 | ' | ' | ' | $246 | $626 | $370 | ||||||
[1] | We reported gains of $16.4 million, $2.0 million and $6.7 million in the second, third and fourth quarters of 2013 on the sale of our Real Goods Solar stock, the carrying value for which had previously been reduced to zero through the recognition of our portion of RSOL's net losses. We recorded a charge of $11.0 million to exit certain businesses, to restructure certain operations, and a net loss of $2.0 million after selling GVE and closing DRTV in the fourth quarter. We also recorded a $23.2 million valuation allowance for our deferred tax assets in the fourth quarter of 2013. | ||||||||||||||||
[2] | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. | ||||||||||||||||
[3] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | ||||||||||||||||
[4] | Excludes other non-current assets (non-current deferred tax assets, net, goodwill, investments, notes receivable, security deposits and noncurrent assets from discontinued operations) of $15,432, $33,001, and $31,897 for 2013, 2012, and 2011, respectively. |
Geographical_Data_for_Operatio1
Geographical Data for Operations (Parenthetical) (Detail) (Discontinued operations, USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 |
Discontinued operations | ' | ' | ' |
Revenues from External Customers and Long-Lived Assets [Line Items] | ' | ' | ' |
Other non-current assets | $15,432 | $33,001 | $31,897 |
Discontinued_Operations_Additi
Discontinued Operations - Additional Information (Detail) (USD $) | 0 Months Ended | 12 Months Ended | ||
Oct. 21, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Cash received sale of subsidiary | ' | $47,500,000 | [1] | ' |
Accounts receivable | ' | 2,168,000 | 35,618,000 | |
Credit agreement borrowings maximum | ' | 35,000,000 | ' | |
Revolving line of credit agreement, expiration date | ' | 30-Jul-15 | ' | |
Proceeds from loans | 19,621,941 | ' | ' | |
Early termination fee | 350,000 | ' | ' | |
GVE Newco, LLC | ' | ' | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Total consideration received for sale of subsidiary | 51,700,000 | ' | ' | |
Cash received sale of subsidiary | 47,500,000 | ' | ' | |
Amount of shares received for divestiture | 666,978 | ' | ' | |
Accounts receivable | 2,000,000 | ' | ' | |
Accrued payable | 1,000,000 | ' | ' | |
GVE Newco, LLC | Class A Common Stock | ' | ' | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Common stock value | $1,200,000 | ' | ' | |
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. |
Major_Components_of_Assets_and
Major Components of Assets and Liabilities of Discontinued Operations (Detail) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Accounts receivable, net | $2,168 | $35,618 |
Inventory, less allowances | 818 | 8,588 |
Deferred advertising costs | ' | 3,506 |
Advances | ' | 10,708 |
Other current assets | 226 | 532 |
Total current assets | 3,212 | 58,952 |
Property and equipment, net | ' | 453 |
Media library, net | ' | 2,649 |
Goodwill | ' | 6,731 |
Other intangibles, net | ' | 5,418 |
Other assets | 10 | 11 |
Total assets | 3,222 | 74,214 |
Current liabilities: | ' | ' |
Line of credit | ' | 16,231 |
Accounts payable | 1,121 | 7,920 |
Participations payable | ' | 569 |
Accrued liabilities | 475 | 25,175 |
Total current liabilities | $1,596 | $49,895 |
Income_from_Discontinued_Opera
Income from Discontinued Operations Amounts as Reported on Consolidated Statements of Operations (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Net revenue | ' | ' | ' | ' | ' | ' | ' | ' | $53,539 | $75,232 | $51,082 | |||||
Income from operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 2,386 | 10,417 | 59 | |||||
Exit activity and asset impairment charges before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | -1,776 | [1] | ' | ' | ||||
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | -209 | -3,769 | -56 | |||||
Income from operations of discontinued operations | ' | ' | ' | ' | ' | ' | ' | ' | 401 | 6,648 | 3 | |||||
Gain (loss) on disposal of discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Income tax expense | ' | ' | ' | ' | ' | ' | ' | ' | 1,463 | ' | ' | |||||
Gain from disposal of discontinued operations | -2,000 | ' | ' | ' | ' | ' | ' | ' | -2,396 | ' | ' | |||||
Income from discontinued operations. | -4,851 | [2] | 1,004 | -129 | 1,981 | 2,325 | 997 | [3] | 2,647 | 679 | -1,995 | [4] | 6,648 | [5],[6] | 3 | [5] |
GVE Newco, LLC | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Gain (loss) on disposal of discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Gain (loss) on disposal of discontinued operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | 5,622 | ' | ' | |||||
Direct Response Television Advertising | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Gain (loss) on disposal of discontinued operations: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Gain (loss) on disposal of discontinued operations before income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ($9,481) | [7] | ' | ' | ||||
[1] | In direct conjunction with the discontinuing of our GVE and DRTV operations, during 2013 we recognized exit activity charges of $0.8 million for employee termination benefits and $1.0 million for non-cancellable facility leases, of which $0.3 million had been paid as of December 31, 2013, the balance of these amounts is expected to be paid in 2014 | |||||||||||||||
[2] | We reported gains of $16.4 million, $2.0 million and $6.7 million in the second, third and fourth quarters of 2013 on the sale of our Real Goods Solar stock, the carrying value for which had previously been reduced to zero through the recognition of our portion of RSOL's net losses. We recorded a charge of $11.0 million to exit certain businesses, to restructure certain operations, and a net loss of $2.0 million after selling GVE and closing DRTV in the fourth quarter. We also recorded a $23.2 million valuation allowance for our deferred tax assets in the fourth quarter of 2013. | |||||||||||||||
[3] | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. | |||||||||||||||
[4] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||||||||||||||
[5] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | |||||||||||||||
[6] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. | |||||||||||||||
[7] | As a direct result of the discontinuance of our GVE and DRTV operations, we recognized impairment charges of $2.5 million for inventory, $3.8 million for deferred advertising costs, $0.8 million for advances, $0.4 million for property and equipment, $2.1 million for media library, $6.7 million for goodwill, and $3.5 million for other intangibles. |
Income_from_Discontinued_Opera1
Income from Discontinued Operations Amounts as Reported on Consolidated Statements of Operations (Parenthetical) (Detail) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Termination benefits recorded | $2,472,000 | ' | ' | |
Inventory impairment charges | 2,100,000 | 1,500,000 | ' | |
Goodwill impairment charges | 9,194,000 | [1] | ' | 22,456,000 |
Discontinued operations | ' | ' | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Termination benefits recorded | 800,000 | ' | ' | |
Exit charge for non-cancellable facility lease | 1,000,000 | ' | ' | |
Exit activity charges paid | 300,000 | ' | ' | |
Inventory impairment charges | 2,500,000 | ' | ' | |
Property and equipment impairment charges | 400,000 | ' | ' | |
Goodwill impairment charges | 6,700,000 | ' | ' | |
Discontinued operations | Deferred advertising costs | ' | ' | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Impairment charge | 3,800,000 | ' | ' | |
Discontinued operations | Advances | ' | ' | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Impairment charge | 800,000 | ' | ' | |
Discontinued operations | Media Library | ' | ' | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Intangible assets impairment charges | 2,100,000 | ' | ' | |
Discontinued operations | Other Intangible Assets | ' | ' | ' | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | |
Intangible assets impairment charges | $3,500,000 | ' | ' | |
[1] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. |
Quarterly_Financial_Data_Detai
Quarterly Financial Data (Detail) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||||||
In Thousands, except Per Share data, unless otherwise specified | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||||
Quarterly Financial Data [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
Net revenue | $50,759 | [1] | $36,128 | $31,897 | $36,679 | $45,586 | $28,537 | [2] | $24,531 | $28,589 | $155,463 | $127,242 | [3] | $223,691 | [3] | |
Gross profit | 21,551 | [1] | 14,693 | 13,314 | 15,750 | 19,338 | 12,601 | [2] | 10,585 | 13,995 | 65,308 | 56,519 | [3] | 78,856 | [3] | |
Gain on sale of investment | 6,692 | [1] | 1,975 | 16,429 | ' | ' | ' | ' | ' | ' | ' | ' | ||||
Income (loss) from continuing operations | -25,308 | [1] | -699 | 8,112 | -2,203 | -569 | -11,923 | [2] | -4,756 | -1,977 | -20,098 | [4] | -19,225 | [3],[5] | -25,273 | [3] |
Income from discontinued operations | -4,851 | [1] | 1,004 | -129 | 1,981 | 2,325 | 997 | [2] | 2,647 | 679 | -1,995 | [4] | 6,648 | [3],[5] | 3 | [3] |
Net income (loss) | -30,159 | [1] | 305 | 7,983 | -222 | 1,756 | -10,926 | [2] | -2,109 | -1,298 | -22,093 | [4] | -12,577 | [3],[5] | -25,270 | [3] |
Net income (loss) attributable to Gaiam, Inc. | -30,443 | [1] | 120 | 7,848 | -277 | 1,547 | -11,157 | [2] | -2,053 | -1,219 | 659 | 305 | [3] | -398 | [3] | |
Net income (loss) per share attributable to Gaiam, Inc. common shareholders - diluted: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |||||
From continuing operations | ($1.08) | [1] | ($0.03) | $0.36 | ($0.10) | ($0.03) | ($0.53) | [2] | ($0.21) | ($0.08) | ($0.89) | ($0.86) | [3] | ($1.08) | [3] | |
From discontinued operations | ($0.21) | [1] | $0.04 | ($0.01) | $0.09 | $0.10 | $0.04 | [2] | $0.12 | $0.03 | ' | ' | ' | |||
Diluted net income (loss) per share attributable to Gaiam, Inc. | ($1.29) | [1] | $0.01 | $0.35 | ($0.01) | $0.07 | ($0.49) | [2] | ($0.09) | ($0.05) | ($0.98) | ($0.57) | [3] | ($1.08) | [3] | |
Weighted average shares outstanding-diluted | 23,668 | [1] | 22,765 | 22,741 | 22,732 | 22,706 | 22,704 | [2] | 22,702 | 22,698 | 23,115 | 22,703 | [3] | 23,126 | [3] | |
Loss from equity method investment | ' | ' | ' | ' | ($830) | ($15,940) | [2] | ($944) | ($696) | ' | ($18,410) | [3] | ' | |||
[1] | We reported gains of $16.4 million, $2.0 million and $6.7 million in the second, third and fourth quarters of 2013 on the sale of our Real Goods Solar stock, the carrying value for which had previously been reduced to zero through the recognition of our portion of RSOL's net losses. We recorded a charge of $11.0 million to exit certain businesses, to restructure certain operations, and a net loss of $2.0 million after selling GVE and closing DRTV in the fourth quarter. We also recorded a $23.2 million valuation allowance for our deferred tax assets in the fourth quarter of 2013. | |||||||||||||||
[2] | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. | |||||||||||||||
[3] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. | |||||||||||||||
[4] | Cash flows in 2013 include the $25.0 million gain from the sale of RSOL stock, the sale of GVE and the closure of the DRTV Business Unit. | |||||||||||||||
[5] | Net cash provided by operating activities for discontinued operations during 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash used by operating activities for discontinued operations would have been zero during 2012. |
Quarterly_Financial_Data_Paren
Quarterly Financial Data (Parenthetical) (Detail) (USD $) | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | ||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2012 | |||
Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar Deconsolidated | ||||||||||
Quarterly Financial Data [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Gain from settlement of loans | ' | ' | ' | ' | ' | ' | ' | $6,700,000 | $2,000,000 | $16,400,000 | ' | ' | ' | ||
Carrying values of equity method investment | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ||
Exit and restructuring cost | 11,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ||
Loss from sell of discontinued operations | -2,000,000 | ' | ' | ' | ' | -2,396,000 | ' | ' | ' | ' | ' | ' | ' | ||
Establishment of valuation allowance on net deferred tax assets | 23,153,000 | ' | ' | ' | ' | 23,153,000 | ' | ' | ' | ' | ' | ' | ' | ||
Loss from equity method investment | ' | -830,000 | -15,940,000 | [1] | -944,000 | -696,000 | ' | -18,410,000 | [2] | ' | ' | ' | ' | ' | 15,900,000 |
Income tax expense benefits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,000,000 | $7,100,000 | $5,700,000 | ||
[1] | During the quarter ended September 30, 2012, we recorded a noncash loss from our equity method investment in RSOL of $15.9 million and related income tax benefits of $5.7 million. | ||||||||||||||
[2] | RSOL was deconsolidated and accounted for as an equity method investment from December 31, 2011 until May 28, 2013, when it became a cost method investment. Consequently, RSOL is reported as an equity method investment for the year ended December 31, 2012 and as a consolidated subsidiary for the year ended December 31, 2011. |
Consolidated_Valuation_and_Qua
Consolidated Valuation and Qualifying Accounts (Detail) (USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Allowance for Doubtful Accounts | ' | ' | ' | |||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | |||
Balance Beginning of Year | $611 | $678 | $888 | |||
Additions Charged to costs and Expenses | 564 | 622 | 545 | |||
Deductions | 619 | [1] | 689 | [1] | 755 | [1] |
Balance at End of Year | 556 | 611 | 678 | |||
Allowance for Product Returns | ' | ' | ' | |||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | |||
Balance Beginning of Year | 2,579 | 1,823 | 861 | |||
Additions Charged to costs and Expenses | 27,707 | 16,119 | 22,704 | |||
Deductions | 28,710 | [1] | 15,363 | [1] | 21,742 | [1] |
Balance at End of Year | $1,576 | $2,579 | $1,823 | |||
[1] | The 2011 deduction amount for the allowance for doubtful accounts includes $0.5 million related to the deconsolidation of Real Goods Solar. See Note 3. Related Party Transactions. |
Consolidated_Valuation_and_Qua1
Consolidated Valuation and Qualifying Accounts (Parenthetical) (Detail) (Allowance for Doubtful Accounts, USD $) | 12 Months Ended | |||||
In Thousands, unless otherwise specified | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | |||
Deductions from accounts receivable allowance | $619 | [1] | $689 | [1] | $755 | [1] |
Real Goods Solar Deconsolidated | ' | ' | ' | |||
Valuation and Qualifying Accounts Disclosure [Line Items] | ' | ' | ' | |||
Deductions from accounts receivable allowance | ' | ' | $500 | |||
[1] | The 2011 deduction amount for the allowance for doubtful accounts includes $0.5 million related to the deconsolidation of Real Goods Solar. See Note 3. Related Party Transactions. |