|
Segment and Geographic Information (Tables)
|
12 Months Ended |
|
Dec. 31, 2012
|
| Financial Information for Segments |
Financial information for
these three segments was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, |
|
|
(in thousands)
|
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Net revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct to
consumer
|
|
$ |
72,293 |
|
|
$ |
77,259 |
|
|
$ |
99,706 |
|
|
Business
|
|
|
130,182 |
|
|
|
88,257 |
|
|
|
97,238 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue excluding Solar
(RSOL)
|
|
|
202,475 |
|
|
|
165,516 |
|
|
|
196,944 |
|
|
Solar
|
|
|
— |
|
|
|
109,257 |
|
|
|
77,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net
revenue
|
|
|
202,475 |
|
|
|
274,773 |
|
|
|
274,268 |
|
|
Contribution margin
(loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct to
consumer
|
|
|
(14,242 |
)(b) |
|
|
(7,152 |
) |
|
|
(7,091 |
) |
|
Business
|
|
|
14,832 |
|
|
|
(21,859 |
)(a) |
|
|
11,214 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution margin (loss)
excluding Solar (RSOL)
|
|
|
590 |
|
|
|
(29,011 |
) |
|
|
4,123 |
|
|
Solar
|
|
|
— |
|
|
|
(2,276 |
) |
|
|
2,021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated contribution
margin (loss)
|
|
|
590 |
|
|
|
(31,287 |
) |
|
|
6,144 |
|
|
Reconciliation of
contribution margin (loss) to net income (loss) attributable to
Gaiam, Inc.:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and other income
(expense)
|
|
|
(432 |
) |
|
|
(90 |
) |
|
|
1,291 |
|
|
Loss from equity method
investment in RSOL
|
|
|
(18,410 |
) |
|
|
— |
|
|
|
— |
|
|
Loss on deconsolidation of
RSOL
|
|
|
— |
|
|
|
(4,550 |
) |
|
|
— |
|
|
Income tax expense
(benefit)
|
|
|
(5,675 |
) |
|
|
(10,657 |
) |
|
|
2,366 |
|
|
Net (income) loss
attributable to noncontrolling interest
|
|
|
(305 |
) |
|
|
398 |
|
|
|
(794 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to Gaiam, Inc.
|
|
$ |
(12,882 |
) |
|
$ |
(24,872 |
) |
|
$ |
4,275 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
During 2011, we recognized
a noncash goodwill impairment charge of $22.5 million in our
business segment. See Note 6. Goodwill Impairment and Other General
Expense. |
| (b) |
Includes investment in our
digital subscription businesses of $5.9 million. |
|
| Reconciliation of Reportable Segments' Assets to Consolidated Total Assets |
The following is a
reconciliation of reportable segments’ assets to our
consolidated total assets. Other unallocated corporate amounts are
comprised of cash, current and deferred income taxes, and property
and equipment.
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31, |
|
|
(in thousands)
|
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Total assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct to
consumer
|
|
$ |
33,622 |
|
|
$ |
20,976 |
|
|
$ |
23,604 |
|
|
Business
|
|
|
127,937 |
|
|
|
79,522 |
|
|
|
104,620 |
|
|
Solar (a)
|
|
|
— |
|
|
|
— |
|
|
|
47,599 |
|
|
Other unallocated corporate
amounts
|
|
|
32,303 |
|
|
|
62,792 |
|
|
|
31,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
193,862 |
|
|
$ |
163,290 |
|
|
$ |
207,433 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
We restated total assets
for Solar to reflect the correction of immaterial errors relating
to Real Goods Solar’s 2008 income taxes. Solar’s total
assets for 2010 were reduced by $364 thousand. See Note 10.
Equity. |
|
| Geographical Data for Operations |
The following represents
geographical data for our operations as of and for the years ended
December 31, 2012, 2011 and 2010:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
197,416 |
|
|
$ |
269,823 |
|
|
$ |
271,924 |
|
|
International
|
|
|
5,059 |
|
|
|
4,950 |
|
|
|
2,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
202,475 |
|
|
$ |
274,773 |
|
|
$ |
274,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Lived
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
42,347 |
|
|
$ |
38,593 |
|
|
$ |
43,611 |
|
|
International
|
|
|
626 |
|
|
|
370 |
|
|
|
718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
42,973 |
|
|
$ |
38,963 |
|
|
$ |
44,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31, |
|
|
(in thousands)
|
|
2012 |
|
|
2011 |
|
|
2010 |
|
|
Components of Long-Lived
Assets (a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment,
net
|
|
$ |
23,998 |
|
|
$ |
23,664 |
|
|
$ |
27,861 |
|
|
Media Library,
net
|
|
|
13,090 |
|
|
|
14,576 |
|
|
|
15,596 |
|
|
Other Intangibles,
net
|
|
|
5,608 |
|
|
|
569 |
|
|
|
813 |
|
|
Other assets
|
|
|
277 |
|
|
|
154 |
|
|
|
59 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
42,973 |
|
|
$ |
38,963 |
|
|
$ |
44,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Excludes other non-current
assets (non-current deferred tax assets, net, goodwill,
investments, notes receivable, and security deposits) of $24,481,
$29,994, and $29,427 for 2012, 2011, and 2010, respectively. We
restated the amount excluded for 2010 to reflect the correction of
immaterial errors related to Real Goods Solar’s 2008 income
taxes and, thus, the excluded amount for 2010 was reduced by $364
thousand. See Note 10. Equity. |
|