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Business Segments
6 Months Ended
Jun. 28, 2015
Segment Reporting [Abstract]  
Business Segments
BUSINESS SEGMENTS

We report our financial results in three segments: Merchandise Availability Solutions (MAS), Apparel Labeling Solutions (ALS), and Retail Merchandising Solutions (RMS).






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®. ALS includes the results of our radio frequency identification (RFID) labels business, coupled with our data management platform and network of service bureaus that manage the printing of variable information on apparel labels and tags. Our RMS segment includes hand-held labeling applicators and tags, promotional displays, and customer queuing systems.
 
Quarter
 
Six months
 
 
(13 weeks) Ended
 
(26 weeks) Ended
 
(amounts in thousands)
June 28,
2015

 
June 29,
2014

 
June 28,
2015

 
June 29,
2014

 
Business segment net revenue:
 
 
 
 
 
 
 
 
Merchandise Availability Solutions
$
91,327

(1) 
$
111,478

(2) 
$
172,853

(3) 
$
204,942

(4) 
Apparel Labeling Solutions
46,942

 
47,659

 
84,127

 
89,740

 
Retail Merchandising Solutions
9,281

 
11,788

 
19,112

 
23,649

 
Total revenues
$
147,550

 
$
170,925

 
$
276,092

 
$
318,331

 
Business segment gross profit:
 
 
 
 
 
 
 
 
Merchandise Availability Solutions
$
43,122

 
$
51,262

 
$
84,407

 
$
95,204

 
Apparel Labeling Solutions
14,843

 
17,251

 
26,391

 
31,336

 
Retail Merchandising Solutions
3,532

 
3,994

 
7,236

 
8,253

 
Total gross profit
61,497

 
72,507

 
118,034

 
134,793

 
Operating expenses
65,985

(5) 
59,520

(6) 
122,856

(7) 
119,640

(8) 
Interest expense, net
(758
)
 
(914
)
 
(1,469
)
 
(1,903
)
 
Other gain (loss), net
(859
)
 
(442
)
 
(488
)
 
(528
)
 
(Loss) earnings before income taxes
$
(6,105
)
 
$
11,631

 
$
(6,779
)
 
$
12,722

 

(1) 
Includes net revenue from EAS systems, Alpha® and EAS consumables of $33.9 million, $26.1 million, and $24.3 million, respectively, representing more than 10% of total revenue.
(2) 
Includes net revenue from EAS systems, Alpha® and EAS consumables of $46.4 million, $30.7 million, and $28.3 million, respectively, representing more than 10% of total revenue.
(3) 
Includes net revenue from EAS systems, Alpha® and EAS consumables of $65.2 million, $47.2 million, and $46.4 million, respectively, representing more than 10% of total revenue.
(4) 
Includes net revenue from EAS systems, Alpha® and EAS consumables of $86.5 million, $55.5 million and $52.7 million, respectively, representing more than 10% of total revenue.
(5) 
Includes a $0.3 million restructuring charge, a $9.0 million litigation settlement, and a $41 thousand acquisition charge.
(6) 
Includes a $0.3 million restructuring charge.
(7) 
Includes a $1.6 million restructuring charge, a $9.0 million litigation settlement, a $0.8 million management transition charge, and a $0.1 million acquisition charge.
(8) 
Includes a $2.2 million restructuring charge.