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Segment Reporting
 9 Months Ended
Jan. 01, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure
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 of our Annual Report on Form 10-K. 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
 
Thirty-nine Week Periods Ended
 
 
December 26,
2010
 
January 1,
2012
 
December 26,
2010
 
January 1,
2012
 
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
 
(dollars in thousands)
 
(dollars in thousands)
Net sales
 
 
 
 
 
 
 
 
Retail division    
 
$
9,127

 
$
8,959

 
$
26,758

 
$
27,149

Specialty division    
 
435

 
670

 
1,500

 
1,523

 
 
$
9,562

 
$
9,629

 
$
28,258

 
$
28,672

Earnings before interest, taxes, depreciation and amortization (“EBITDA”)
 
 

 
 

 
 

 
 

Retail division    
 
$
858

 
$
497

 
$
2,142

 
$
1,725

Specialty division    
 
(89
)
 
152

 
(657
)
 
210

Corporate and other expenses    
 
(1,578
)
 
(1,056
)
 
(5,054
)
 
(3,082
)
Loss before interest, taxes, depreciation and amortization    
 
(809
)
 
(407
)
 
(3,569
)
 
(1,147
)
Depreciation and amortization    
 
(223
)
 
(168
)
 
(705
)
 
(522
)
Interest income, interest expense, and loan guarantee fees    
 
7

 
(20
)
 
1

 
(58
)
Non-controlling interest    
 
26

 
22

 
131

 
65

Income taxes    
 
(1
)
 
—

 
(23
)
 
89

Net loss attributable to TC Global, Inc.    
 
$
(1,000
)
 
$
(573
)
 
$
(4,165
)
 
$
(1,573
)
Depreciation and amortization
 
 

 
 

 
 

 
 

Retail division    
 
$
187

 
$
139

 
$
609

 
$
436

Specialty division    
 
4

 
3

 
10

 
10

Corporate and other expenses    
 
32

 
26

 
86

 
76

Total depreciation and amortization    
 
$
223

 
$
168

 
$
705

 
$
522