Segment Information

3 Months Ended

Mar. 25, 2016

Segment Reporting [Abstract]

Segment Information

NOTE 6 – SEGMENT INFORMATION

The Partnership has determined it has two operating and reportable segments based upon geographic location, the U.S. and Canada. Canada segment information, as reported in the following table, is based upon the Consolidated Financial Statements of the Partnership's Canada operations. The U.S. segment information is derived from the Consolidated Financial Statements less the Canada segment information as presented. Pre-variable income represents income before variable compensation expense and before allocations to partners. This is consistent with how management views the segments in order to assess performance.

The following table shows financial information for the Partnership’s reportable segments:

	Three Months Ended
	March 25,			March 27,
	2016			2015
Net revenue:
U.S.	$	1,520		$	1,583
Canada		41			52
Total net revenue	$	1,561		$	1,635
Pre-variable income:
U.S.	$	358		$	415
Canada		—			4
Total pre-variable income		358			419
Variable compensation:
U.S.		163			201
Canada		4			4
Total variable compensation		167			205
Income (loss) before allocations to partners:
U.S.		195			214
Canada		(4	)		—
Total income before allocations to partners	$	191		$	214

The Partnership derived from one mutual fund company 20% of its total revenue for both the three month periods ended March 25, 2016 and March 27, 2015. The revenue generated from this company relates to business conducted with the Partnership’s U.S. segment. Significant reductions in revenue due to regulatory reform or other changes to the Partnership’s relationship with this mutual fund company could have a material impact on the Partnership’s results of operations.