Business Segments

9 Months Ended

Sep. 28, 2014

Segment Reporting [Abstract]

Business Segments

BUSINESS SEGMENTS

Historically, we have reported our results of operations in three segments: Shrink Management Solutions (SMS), Apparel Labeling Solutions (ALS), and Retail Merchandising Solutions (RMS). During the third quarter of 2013, we adjusted the product allocation between our SMS and ALS segments, renamed the SMS segment Merchandise Availability Solutions (MAS) and began reporting our segments as: Merchandise Availability Solutions, Apparel Labeling Solutions, and Retail Merchandising Solutions. The three and nine months ended September 29, 2013 have been conformed to reflect the segment change.

ALS now includes the results of our radio frequency identification (RFID) labels business (previously reported in SMS), coupled with our data management platform and network of service bureaus that manage the printing of variable information on apparel labels and tags. This change aligns us with our refined ALS strategy to be a leading supplier of apparel labeling solutions, with expertise in intelligent apparel labels for item-level tracking and loss prevention. Our MAS segment, which is focused on loss prevention and Merchandise Visibility^™ (RFID), includes EAS systems, EAS consumables, Alpha^® high-theft solutions, RFID systems and software and non-U.S. and Canada-based CheckView^®. There were no changes to the RMS Segment.

	Quarter								Nine months
	(13 weeks) Ended								(39 weeks) Ended
(amounts in thousands)	September 28, 2014				September 29, 2013				September 28, 2014				September 29, 2013
					(As Restated)								(As Restated)
Business segment net revenue:
Merchandise Availability Solutions	$	107,494		(1)	$	117,625		(2)	$	312,436		(3)	$	323,479		(4)
Apparel Labeling Solutions	41,427				45,442				131,167				134,717
Retail Merchandising Solutions	11,674				11,821				35,323				37,155
Total revenues	$	160,595			$	174,888			$	478,926			$	495,351
Business segment gross profit:
Merchandise Availability Solutions	$	52,212			$	51,979			$	147,416			$	139,713
Apparel Labeling Solutions	14,248				14,742				45,584				40,289
Retail Merchandising Solutions	4,505				3,811				12,758				13,687
Total gross profit	70,965				70,532				205,758				193,689
Operating expenses	60,201			(5)	56,951			(6)	179,841			(7)	175,935			(8)
Interest expense, net	(739		)		(2,682		)		(2,642		)		(7,772		)
Other gain (loss), net	10				(1,002		)		(518		)		(3,513		)
Earnings from continuing operations before income taxes	$	10,035			$	9,897			$	22,757			$	6,469

⁽¹⁾  Includes net revenue from EAS systems, Alpha^® and EAS consumables of $43.5 million, $29.3 million and $24.5 million, respectively, representing more than 10% of total revenue.

⁽²⁾  Includes net revenue from EAS systems, Alpha^® and EAS consumables of $43.7 million, $35.4 million and $24.4 million, respectively, representing more than 10% of total revenue.

⁽³⁾  Includes net revenue from EAS systems, Alpha^® and EAS consumables of $130.1 million, $84.8 million and $77.2 million, respectively, representing more than 10% of total revenue.

⁽⁴⁾  Includes net revenue from EAS systems, Alpha^® and EAS consumables of $136.0 million, $89.4 million and $73.0 million, respectively, representing more than 10% of total revenue.

⁽⁵⁾  Includes a $0.5 million restructuring charge, and a $0.3 million acquisition charge.

⁽⁶⁾  Includes a $0.9 million restructuring charge, anda $0.3 million acquisition charge.

⁽⁷⁾  Includes a $2.7 million restructuring charge, and a$0.3 million acquisition charge.

⁽⁸⁾  Includes a $4.6 million restructuring charge, a $1.2 million charge related to our CFO transition, a $0.7 million acquisition charge, a benefit of $6.6 million due to a litigation accrual reversal, and a $0.2 million gain on sale of our interest in the non-strategic Sri Lanka Subsidiary.