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Note 5 - Disclosures About Segments Of Our Business And Related Information:
12 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Note 5 - Disclosures About Segments Of Our Business And Related Information

We are organized along product categories and have two reportable segments: (1) accessories, which include belts, small leather goods and other products, and (2) gifts.  Each segment is measured by management based on income consisting of net sales less cost of goods sold, product distribution expenses, and royalties utilizing accounting policies consistent in all material respects with those described in Note 2.  No inter-segment revenue is recorded. Assets, related depreciation and amortization, and certain SG&A expenses are not allocated to the segments.

The following table presents operating information by segment and a reconciliation of segment operating income to our consolidated operating loss (in thousands):

   
2013
   
2012
 
Net sales:
           
Accessories
  $ 77,073     $ 86,188  
Gifts
    36,937       31,413  
    $ 114,010     $ 117,601  
Segment operating income (loss):
               
Accessories (1)
  $ 9,356     $ 17,710  
Gifts (2)
    (972 )     3,010  
    $ 8,384     $ 20,720  
Selling, general and administrative expenses
    (18,115 )     (20,579 )
Restructuring charges
    (3,072 )     -  
Depreciation and amortization
    (1,818 )     (2,205 )
Intangibles and held for sale impairment
    (3,011 )     -  
Operating loss
  $ (17,632 )   $ (2,064 )

(1)  
Accessories’ segment income for fiscal 2013 includes inventory write-downs of $5.4 million.

(2)  
Gifts’ segment income for fiscal 2013 includes inventory write-downs of $1.8 million.

Significant customers which accounted for 10% or more of our total net sales were Walmart (2013 and 2012 - 46%) and Kohl’s (2013 – 15%; 2012 – 13%).

Our net sales, property and equipment, and total assets by geographic location were (in thousands):

   
2013
   
2012
 
Net sales:
           
United States
  $ 105,037     $ 107,108  
Canada
    8,973       10,493  
    $ 114,010     $ 117,601  
Property and equipment:
               
United States
  $ 3,668     $ 4,425  
Canada
    77       97  
Mexico
    628       952  
    $ 4,373     $ 5,474  
Total assets:
               
United States
  $ 28,148     $ 47,880  
Canada
    3,637       5,157  
Mexico
    3,391       3,419  
    $ 35,176     $ 56,456  

Our Canadian subsidiary is part of our accessories segment.  Its sales and income are converted to U.S. dollars at monthly average exchange rates.  Property and equipment and total assets are converted at each fiscal year-end exchange rate.  Our Mexican subsidiary is part of our accessories segment.  Its functional currency is the U.S. dollar and all of the net sales are inter-company and are eliminated in consolidation.