Heritage-Crystal Clean (HCCI) 8-K Historic Segment Financial Reporting

Heritage-Crystal Clean, Inc.

Historic Segment Financial Reporting

(In Thousands)

(Unaudited)

First Quarter Ended, March 27, 2010
	Environmental Services		Oil Business			Corporate and Eliminations		Consolidated
Sales	$	22,764	$	1,241		$	-	$	24,005
Operating expenses
Operating costs		16,122		1,496			-		17,618
Operating depreciation and amortization		875		8			-		883
Profit (loss) before corporate selling, general, and administrative expenses		5,767		(263	)				5,504
Selling, general, and administrative expenses		-		-			4,218		4,218
Depreciation and amortization from SG&A		-		-			146		146
Total selling, general, and administrative expenses							4,364		4,364
Operating income									1,140
Interest expense - net		-		-			-		-
Income before income taxes									1,140
Provision for income taxes		-		-			478		478
Net income								$	662
Second Quarter Ended, June 19, 2010
	Environmental Services		Oil Business			Corporate and Eliminations		Consolidated
Sales	$	24,132	$	1,206		$	-	$	25,338
Operating expenses
Operating costs		16,609		1,714			-		18,323
Operating depreciation and amortization		896		9			-		905
Profit (loss) before corporate selling, general, and administrative expenses		6,627		(517	)				6,110
Selling, general, and administrative expenses		-		-			4,285		4,285
Depreciation and amortization from SG&A		-		-			150		150
Total selling, general, and administrative expenses							4,435		4,435
Loss from disposal of fixed asset		-		-			39		39
Operating income									1,636
Interest expense - net		-		-			-		-
Income before income taxes									1,636
Provision for income taxes		-		-			705		705
Net income								$	931
Third Quarter Ended, September 11, 2010
	Environmental Services		Oil Business			Corporate and Eliminations		Consolidated
Sales	$	23,897	$	2,839		$	-	$	26,736
Operating expenses
Operating costs		17,243		3,154			-		20,397
Operating depreciation and amortization		915		10			-		925
Profit (loss) before corporate selling, general, and administrative expenses		5,739		(325	)				5,414
Selling, general, and administrative expenses		-		-			4,000		4,000
Depreciation and amortization from SG&A		-		-			151		151
Total selling, general, and administrative expenses							4,151		4,151
Operating income									1,263
Interest expense - net		-		-			-		-
Income before income taxes									1,263
Provision for income taxes		-		-			536		536
Net income								$	727

Heritage-Crystal Clean, Inc.

Historic Segment Financial Reporting

(In Thousands)

(Unaudited)

Fourth Quarter Ended, January 1, 2011
	Environmental Services		Oil Business			Corporate and Eliminations		Consolidated
Sales	$	33,427	$	2,612		$	-	$	36,039
Operating expenses
Operating costs		24,013		3,422			-		27,435
Operating depreciation and amortization		1,259		14			-		1,273
Profit (loss) before corporate selling, general, and administrative expenses		8,155		(824	)				7,331
Selling, general, and administrative expenses		-		-			5,533		5,533
Depreciation and amortization from SG&A		-		-			195		195
Total selling, general, and administrative expenses							5,728		5,728
Operating income									1,603
Interest expense - net		-		-			-		-
Income before income taxes									1,603
Provision for income taxes		-		-			652		652
Net income								$	951
Year Ended January 1, 2011
	Environmental Services		Oil Business			Corporate and Eliminations		Consolidated
Sales	$	104,220	$	7,898		$	-	$	112,118
Operating expenses
Operating costs		73,987		9,786			-		83,773
Operating depreciation and amortization		3,945		41			-		3,986
Profit (loss) before corporate selling, general, and administrative expenses		26,288		(1,929	)				24,359
Selling, general, and administrative expenses		-		-			18,036		18,036
Depreciation and amortization from SG&A		-		-			642		642
Total selling, general, and administrative expenses							18,678		18,678
Loss from disposal of fixed asset		-		-			39		39
Operating income									5,642
Interest expense - net		-		-			-		-
Income before income taxes									5,642
Provision for income taxes		-		-			2,371		2,371
Net income								$	3,271
Total Assets by Segment
	March 27, 2010		June 19, 2010			September 11, 2010		January 1, 2011
Total assets:
Environmental Services		24,944		25,832			25,305		26,498
Oil Business		1,960		4,018			5,871		13,261
Unallocated corporate assets		28,751		50,897			54,290		49,813
Total		55,655		80,747			85,466		89,572

Segment assets for the Environmental Services and Oil Business segments consist of property, plant, and equipment, intangible assets, and inventories allocated to each segment.  Assets for the Corporate unallocated amounts consist of property, plant, and equipment used at the Corporate headquarters, as well as cash, accounts receivable, and tax assets.