Operating Segment and Geographic Information

12 Months Ended

Dec. 26, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 14 — Operating Segment and Geographic Information

The following table presents certain operating segment information. The Information Security and Print Finishing segment has been classified as discontinued operations for all periods presented.

In Thousands	2015		2014		2013
Sporting Goods
Net revenue	$	155,542	$	137,975	$	132,991
Operating income		16,070		18,194		18,469
Interest expense (income)		(50)		(17)		170
Provision for taxes		6,356		7,420		7,212
Net income		9,771		11,394		11,087
Identifiable assets		116,013		95,506		91,137
Non-marketable equity investments (equity method)		—		—		—
Depreciation & amortization		5,218		4,380		3,844
Capital expenditures		5,067		2,739		2,170
Discontinued Operations
Net revenue		—		20,865		30,686
Operating loss		—		(483)		(1,687)
Interest expense		—		98		335
Provision (benefit) for taxes		—		(6,099)		764
Net loss		—		(1,528)		(2,790)
Identifiable assets		—		—		23,203
Non-marketable equity investments (equity method)		—		—		331
Depreciation & amortization		—		373		774
Capital expenditures		—		246		185
All Other
Net revenue		—		—		—
Operating loss		(3,252)		(2,689)		(2,285)
Interest expense		520		465		233
Benefit for taxes		(2,288)		(982)		(1,093)
Net income		1,835		1,951		1,508
Identifiable assets		27,724		32,375		27,634
Non-marketable equity investments (equity method)		19,644		18,949		19,455
Depreciation & amortization		—		—		—
Capital expenditures		—		—		—
Total
Net revenue		155,542		158,840		163,677
Operating income		12,818		15,022		14,497
Interest expense		470		546		738
Provision for taxes		4,068		339		6,883
Net income		11,606		11,817		9,805
Identifiable assets		143,737		127,881		141,974
Non-marketable equity investments (equity method)		19,644		18,949		19,786
Depreciation & amortization		5,218		4,753		4,618
Capital expenditures		5,067		2,985		2,355

Each operating segment is individually managed and has separate financial results that are reviewed by the Company’s management. Each segment contains closely related products that are unique to the particular segment. There were no changes to the composition of segments in 2015. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies.

The Sporting Goods segment consists of home entertainment products such as table tennis tables and accessories; basketball goals; pool tables and accessories; outdoor playsets; soccer and hockey tables; archery equipment and accessories; and fitness, arcade and darting products. Customers include retailers, dealers and wholesalers located throughout North America, Europe and to a lesser the rest of the world.

Discontinued Operations contains the divested operations of the Information Security and Print Finishing segment. This segment consisted of products such as high-security data shredders, disintegrators and degaussers, and office machinery used in the office and graphic arts environment. Office environment products include folding machines; and paper trimmers and cutters. Customers include end-users, as well as, retailers, wholesalers, catalogs, specialty dealers and business partners.

All Other consist of general and administrative expenses not specifically related to the operating business segments and includes investment income from equity investments.

Interest expense is allocated to operating segments based on working capital usage and the provision for taxes is allocated based on a combined federal and state statutory rate of 39.4% adjusted for actual taxes on foreign income. Permanent tax adjustments and timing differences are included in the all other segment.

Identifiable assets are principally those assets used in each segment. The assets in the all other segment are principally cash and cash equivalents; deferred tax assets; and investments.

During 2015, 2014 and 2013 the Company had one customer which accounted for approximately 18%, 16% and 16%, respectively, of the Company’s total consolidated revenues. No other customer accounted for 10% or more of consolidated total revenues. Within the Sporting Goods segment, this customer accounted for approximately 18%, 19% and 20% of total revenues in 2015, 2014 and 2013, respectively.

As of December 26, 2015 and as of December 27, 2014 the Company had a significant portion of its total accounts receivable with one customer. The one customer accounted for approximately 27% and 23% of total accounts receivable at December 26, 2015 and December 27, 2014, respectively.

As of December 26, 2015, approximately 22 employees of the Company's labor force were covered by a collective bargaining agreement that expires April 30, 2016.

Raw materials for Escalade’s various product lines consist of wood, tempered glass, particle board, standard grades of steel and steel tubing, aluminum, engineering plastics, fiberglass and packaging materials. Escalade relies upon domestic, Mexico, and Asian suppliers for these materials and upon various Asian manufacturers for many of its products.

Net sales are attributed to country based on location of customer and are for continuing operations. Net sales by geographic region/country were as follows:

In Thousands	2015		2014		2013
North America	$	152,890	$	135,585	$	129,435
Europe		1,234		1,408		1,946
Other		1,418		982		1,610
	$	155,542	$	137,975	$	132,991

Identified assets by geographic region/country were as follows:

In Thousands	2015		2014		2013
North America	$	143,737	$	127,881	$	127,393
Europe		—		—		14,581
	$	143,737	$	127,881	$	141,974