Segment Information

6 Months Ended

Jun. 30, 2015

Note 7 – Segment Information

Industry Segments

The Company has two identifiable business segments. The Wholesale segment designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world. The Retail segment operates specialty retail party supply stores in the United States and Canada, principally under the names Party City and Halloween City, and it operates e-commerce websites, principally through the domain name Partycity.com. The Retail segment also franchises both individual stores and franchise areas throughout the United States, Mexico and Puerto Rico, principally under the name Party City.

The Company’s industry segment data for the three months ended June 30, 2015 and June 30, 2014 was as follows:


	Wholesale			Retail		Consolidated
Three Months Ended June 30, 2015
Revenues:
Net sales	$	254,554		$	350,459	$	605,013
Royalties and franchise fees		0			4,314		4,314

Total revenues		254,554			354,773		609,327
Eliminations		(113,807	)		0		(113,807	)

Net revenues	$	140,747		$	354,773	$	495,520

Income from operations	$	11,353		$	34,714	$	46,067

Interest expense, net							30,408
Other expense, net							33,214

Loss before income taxes						$	(17,555	)


	Wholesale			Retail		Consolidated
Three Months Ended June 30, 2014
Revenues:
Net sales	$	255,803		$	342,436	$	598,239
Royalties and franchise fees		0			4,392		4,392

Total revenues		255,803			346,828		602,631
Eliminations		(111,057	)		0		(111,057	)

Net revenues	$	144,746		$	346,828	$	491,574

Income from operations	$	14,668		$	25,637	$	40,305

Interest expense, net							30,331
Other income, net							(2,098	)

Income before income taxes						$	12,072

The Company’s industry segment data for the six months ended June 30, 2015 and June 30, 2014 was as follows:


	Wholesale			Retail		Consolidated
Six Months Ended June 30, 2015
Revenues:
Net sales	$	505,270		$	663,731	$	1,169,001
Royalties and franchise fees		0			8,224		8,224

Total revenues		505,270			671,955		1,177,225
Eliminations		(219,600	)		0		(219,600	)

Net revenues	$	285,670		$	671,955	$	957,625

Income from operations	$	24,022		$	46,049	$	70,071

Interest expense, net							60,738
Other expense, net							31,793

Loss before income taxes						$	(22,460	)


	Wholesale			Retail		Consolidated
Six Months Ended June 30, 2014
Revenues:
Net sales	$	488,294		$	642,015	$	1,130,309
Royalties and franchise fees		0			8,159		8,159

Total revenues		488,294			650,174		1,138,468
Eliminations		(213,907	)		0		(213,907	)

Net revenues	$	274,387		$	650,174	$	924,561

Income from operations	$	26,570		$	29,638	$	56,208

Interest expense, net							61,600
Other expense, net							4,551

Loss before income taxes						$	(9,943	)

- 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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+ Details

Party City Holdings Inc. 10-Q