Segment information | Segment information As described in Note 1 above, the Company operates in two reportable segments identified as Base USAP, which is the core auto parts business, and AutoMD, an online automotive repair source of which the Company is a majority stockholder. Segment information is prepared on the same basis that our chief executive officer, who is our chief operating decision maker, manages the segments, evaluates financial results, and makes key operating decisions. Management evaluates the performance of its operating segments based on net sales, gross profit and income (loss) from operations. Operating income (loss) represents earnings (loss) before other income, interest expense and income taxes. The identifiable assets by segment disclosed in this note are those assets specifically identifiable within each segment. Summarized segment information for our continuing operations from the two reportable segments for the periods presented is as follows (in thousands): Base USAP AutoMD Consolidated Thirteen weeks ended July 2, 2016 Net sales $ 77,999 $ 56 $ 78,055 Gross profit $ 23,701 $ 53 $ 23,754 Operating costs (1) $ 22,132 $ 757 $ 22,889 Income (loss) from operations $ 1,569 $ (704 ) $ 865 Capital expenditures $ 1,350 $ 261 $ 1,611 Depreciation and amortization $ 1,556 $ 297 $ 1,853 Total assets, net $ 71,944 $ 4,274 $ 76,218 Thirteen weeks ended July 4, 2015 Net sales $ 76,411 $ 51 $ 76,462 Gross profit $ 20,817 $ 51 $ 20,868 Operating costs (1) $ 21,235 $ 740 $ 21,975 Income (loss) from operations $ (418 ) $ (689 ) $ (1,107 ) Capital expenditures $ 1,373 $ 308 $ 1,681 Depreciation and amortization $ 1,484 $ 338 $ 1,822 Total assets, net $ 70,918 $ 7,197 $ 78,115 Twenty-six weeks ended July 2, 2016 Net sales $ 158,745 $ 116 $ 158,861 Gross profit $ 48,233 $ 113 $ 48,346 Operating costs (1) $ 44,753 $ 1,546 $ 46,299 Income (loss) from operations $ 3,480 $ (1,433 ) $ 2,047 Capital expenditures $ 2,355 $ 532 $ 2,887 Depreciation and amortization $ 3,100 $ 604 $ 3,704 Total assets, net $ 71,944 $ 4,274 $ 76,218 Twenty-six weeks ended July 4, 2015 Net sales $ 152,736 $ 114 $ 152,850 Gross profit $ 42,232 $ 114 $ 42,346 Operating costs (1) $ 41,955 $ 1,516 $ 43,471 Loss from operations $ 277 $ (1,402 ) $ (1,125 ) Capital expenditures $ 3,338 $ 494 $ 3,832 Depreciation and amortization $ 3,033 $ 723 $ 3,756 Total assets, net $ 70,918 $ 7,197 $ 78,115 (1) Operating costs for AutoMD primarily consist of depreciation and amortization on fixed assets and personnel costs. Indirect costs are not allocated to AutoMD. The following table summarizes the approximate distribution of Base USAP revenue by product type. Thirteen Weeks Ended Twenty-Six Weeks Ended July 2, 2016 July 4, 2015 July 2, 2016 July 4, 2015 Private Label Collision 50% 46% 51% 48% Engine 14% 14% 15% 13% Performance 1% 1% 1% 1% Branded Collision 2% 2% 2% 2% Engine 13% 15% 12% 14% Performance 20% 22% 19% 22% Total 100% 100% 100% 100% |