Segment Reporting

3 Months Ended

Jul. 03, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Reporting

Operating segments are defined as components of an enterprise for which separate financial information is available and regularly reviewed by senior management. The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies in Note 1. The Company does not allocate its assets among its business units for purposes of making business decisions, and therefore does not present asset information by operating segment. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) exclude the effects of financing costs, income taxes, and non-cash depreciation and amortization. EBITDA is not a measure determined in accordance with accounting principles generally accepted in the United States (“GAAP”), and should not be considered a substitute for operating income, net income or any other measure determined in accordance with GAAP. EBITDA is used as a measurement of operating efficiency and overall financial performance of operating segments and the Company believes it to be a helpful measure for those evaluating companies in the retail industry. Conceptually, EBITDA measures the amount of income generated each period that could be used to service debt, pay taxes and fund capital expenditures. EBITDA should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.

The tables below present information by operating segment:

	Thirteen Week Periods Ended
	June 27, 2010			July 3, 2011
	(unaudited)			(unaudited)
	(dollars in thousands)
Net sales
Retail division	$	8,858		$	9,109
Specialty division	638			450
	$	9,496		$	9,559
Earnings before interest, taxes, depreciation and amortization (“EBITDA”)
Retail division	$	669		$	740
Specialty division	(240		)	41
Corporate and other expenses	(1,864		)	(1,045		)
Loss before interest, taxes, depreciation and amortization	(1,435		)	(264		)
Depreciation and amortization	(237		)	(184		)
Interest income, interest expense, and loan guarantee fees	(34		)	64
Non-controlling interest	52			26
Income taxes	26			89
Net loss attributable to TC Global, Inc.	$	(1,628	)	$	(269	)
Depreciation and amortization
Retail division	$	199		$	156
Specialty division	3			3
Corporate and other expenses	35			25
Total depreciation and amortization	$	237		$	184