Segment Information

6 Months Ended

Jun. 29, 2013

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company historically reported three segments—Stores, Port Supply (wholesale) and Direct-to-Consumer. In June 2012, the Company hired a new Chief Executive Officer (as the Company's chief operating decision maker or the “CODM”) and have since changed the way in which the Company is managed. There have been organizational changes implemented throughout the Company, and the Company has integrated systems and concentrated its strategic focus on omni-channel retailing. In addition, the Company has commingled sales channel payroll expense, inventories, merchandise procurement and distribution networks. As a result of these changes and in view of the change in how the CODM reviews operating results for the purposes of allocating resources and assessing performance, beginning in this fiscal year, the Company is reporting one reportable segment. The Company believes that disaggregating its reportable segment would no longer provide meaningful additional information. Revenues from customers are derived from merchandise sales, and the Company does not rely on any individual major customers as a source of revenue.

In addition to the Company’s 10 stores located in Canada and five franchised stores located in Turkey, revenues are attributed to geographic locations based on the location to which the Company ships its products. The Company operates primarily in the United States with foreign revenues representing less than 5% of total net revenues during each of the 13-week and 26-week periods ended June 29, 2013 and June 30, 2012, and foreign long-lived assets totaled less than 2% of long-lived assets at each of these dates.