Segment Reporting

9 Months Ended

Mar. 29, 2014

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company primarily markets footwear and accessories products sold predominantly in North America and operates with two reportable segments, which include: (1) Footwear that encompasses primarily slippers, sandals, hybrid and fashion footwear; and (2) Accessories with products including foot and shoe care products, handbags, tote bags and other travel accessories. The accounting policies of the reportable segments are the same, except that the disaggregated information has been prepared using certain management reports, which by their very nature require estimates.

The two reportable segments are comprised of three individual operating Business Units (“BUs”): (1) footwear; (2) Foot Petals (foot and shoe care products); and (3) Baggallini (handbags, tote bags and travel products). Each Business Unit is led by a Business Unit President, with the President reporting to the Chief Executive Officer (“CEO”) of R.G. Barry Corporation. Each Business Unit President has financial performance responsibility for the operating unit.

While many selling, general and administrative (“SGA”) expenses are directly attributable to each operating unit, certain shared services expenses are incurred and allocated to the respective operating units based on estimated usage of such corporate support. Operating profit as measured for each segment includes sales, cost of sales, and direct and allocated SGA expenses. This segment measure of operating profit or loss, as defined, is the primary indicator of financial performance used by management.

Other corporate expenses incurred are deemed to be applicable to the Company as a whole and are not allocated to any specific business segment. These unallocated expenses primarily include areas such as the Company’s corporate and governance functions, including the CEO, the Chief Financial Officer and the Board of Directors, as well as expense areas including pension, professional fees and similar corporate expenses. Segment operating profit, as reported below, is based on the same definition of operating profit as described above.

Segment operating profit for the third quarter and the nine-month period of fiscal 2013 has been revised from the prior year's disclosures to conform to the fiscal 2014 presentation of including annual accrued incentive bonus and incentive stock compensation as a part of the segments' SGA expenses versus unallocated corporate expenses.

Third Quarter Fiscal 2014	Footwear		Accessories		Unallocated Corporate			Total
Net sales	$	16,615	$	9,518	$	—		$	26,133
Gross profit	6,544		4,992		—			11,536
Operating profit	2,027		215		(2,068		)	174

Nine-month period of Fiscal 2014	Footwear		Accessories		Unallocated Corporate			Total
Net sales	$	88,543	$	27,498	$	—		$	116,041
Gross profit	36,290		15,201		—			51,491
Operating profit	21,656		1,979		(6,187		)	17,448

Third Quarter Fiscal 2013	Footwear		Accessories		Unallocated Corporate			Total
Net sales	$	16,401	$	9,402	$	—		$	25,803
Gross profit	6,555		5,297		—			11,852
Operating profit	2,340		1,852		(1,913		)	2,279

Nine-month period of Fiscal 2013	Footwear		Accessories		Unallocated Corporate			Total
Net sales	$	94,164	$	27,376	$	—		$	121,540
Gross profit	38,065		15,258		—			53,323
Operating profit	22,367		4,996		(6,533		)	20,830

As of March 29, 2014	Footwear		Accessories		Unallocated Corporate		Total
Total assets	$	25,422	$	52,937	$	49,857	$	128,216

As of June 29, 2013	Footwear		Accessories		Unallocated Corporate		Total
Total assets	$	26,390	$	53,169	$	50,694	$	130,253