Segment Reporting

9 Months Ended

Jan. 01, 2012

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

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

TC GLOBAL, INC. 10-Q