|
Segment and Geographic Information (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Financial Information for Segments |
Financial
information for our segments was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, |
|
|
(in thousands)
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
Net revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct to
consumer
|
|
$ |
52,051 |
|
|
$ |
42,852 |
|
|
$ |
45,041 |
|
|
Business
|
|
|
103,412 |
|
|
|
84,390 |
|
|
|
69,393 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue excluding
Solar (RSOL)
|
|
|
155,463 |
|
|
|
127,242 |
|
|
|
114,434 |
|
|
Solar
|
|
|
— |
|
|
|
— |
|
|
|
109,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net
revenue
|
|
|
155,463 |
|
|
|
127,242 |
|
|
|
223,691 |
|
|
Contribution margin
(loss):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct to
consumer
|
|
|
(22,754 |
)(b) |
|
|
(17,308 |
)(b) |
|
|
(6,983 |
) |
|
Business
|
|
|
1,113 |
(b) |
|
|
7,135 |
|
|
|
(22,087 |
)(a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Contribution margin
(loss) excluding Solar (RSOL)
|
|
|
(21,641 |
) |
|
|
(10,173 |
) |
|
|
(29,070 |
) |
|
Solar
|
|
|
— |
|
|
|
— |
|
|
|
(2,276 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated contribution
margin (loss)
|
|
|
(21,641 |
) |
|
|
(10,173 |
) |
|
|
(31,346 |
) |
|
Reconciliation of
contribution margin (loss) to net income (loss) attributable to
Gaiam, Inc.:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and other income
(expense)
|
|
|
2,421 |
|
|
|
(86 |
) |
|
|
(90 |
) |
|
Gain on sale of
investment in RSOL
|
|
|
25,096 |
|
|
|
— |
|
|
|
— |
|
|
Loss from equity method
investment in RSOL
|
|
|
— |
|
|
|
(18,410 |
) |
|
|
— |
|
|
Loss on deconsolidation
of RSOL
|
|
|
— |
|
|
|
— |
|
|
|
(4,550 |
) |
|
Income tax expense
(benefit)
|
|
|
25,974 |
|
|
|
(9,444 |
) |
|
|
(10,713 |
) |
|
Income from discontinued
operations
|
|
|
(1,995 |
) |
|
|
6,648 |
|
|
|
3 |
|
|
Net (income) loss
attributable to noncontrolling interest
|
|
|
(659 |
) |
|
|
(305 |
) |
|
|
398 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to Gaiam, Inc.
|
|
$ |
(22,752 |
) |
|
$ |
(12,882 |
) |
|
$ |
(24,872 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
During 2011, we
recognized a noncash goodwill impairment charge of $22.5 million in
our business segment. |
| (b) |
Includes investments in
our digital subscription businesses of $8.5 million and
$5.9 million for the years 2013 and 2012, respectively.
Additionally, during 2013 we recognized impairment and severance
charges of $11.0 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)
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
Total assets –
Continuing Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct to
consumer
|
|
$ |
39,803 |
|
|
$ |
30,500 |
|
|
$ |
17,506 |
|
|
Business
|
|
|
64,094 |
|
|
|
63,313 |
|
|
|
53,725 |
|
|
Other unallocated
corporate amounts
|
|
|
32,883 |
|
|
|
29,204 |
|
|
|
62,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
136,780 |
|
|
$ |
123,017 |
|
|
$ |
134,023 |
|
|
Total assets –
Discontinued Operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Direct to
consumer
|
|
$ |
1,646 |
|
|
$ |
7,925 |
|
|
$ |
3,470 |
|
|
Business
|
|
|
1,576 |
|
|
|
66,289 |
|
|
|
25,797 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,222 |
|
|
$ |
74,214 |
|
|
$ |
29,267 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
140,002 |
|
|
$ |
197,231 |
|
|
$ |
163,290 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Geographical Data for Operations |
The following
represents geographical data for our operations as of and for the
years ended December 31, 2013, 2012 and 2011:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
Revenue:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
150,274 |
|
|
$ |
122,183 |
|
|
$ |
218,741 |
|
|
International
|
|
|
5,189 |
|
|
|
5,059 |
|
|
|
4,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
155,463 |
|
|
$ |
127,242 |
|
|
$ |
223,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-Lived
Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
29,072 |
|
|
$ |
33,827 |
|
|
$ |
34,871 |
|
|
International
|
|
|
246 |
|
|
|
626 |
|
|
|
370 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
29,318 |
|
|
$ |
34,453 |
|
|
$ |
35,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of December 31, |
|
|
(in thousands)
|
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
Components of Long-Lived
Assets (a):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment,
net
|
|
$ |
22,540 |
|
|
$ |
23,544 |
|
|
$ |
23,634 |
|
|
Media Library,
net
|
|
|
5,211 |
|
|
|
10,441 |
|
|
|
10,884 |
|
|
Other Intangibles,
net
|
|
|
1,155 |
|
|
|
190 |
|
|
|
569 |
|
|
Other assets
|
|
|
412 |
|
|
|
278 |
|
|
|
154 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
29,318 |
|
|
$ |
34,453 |
|
|
$ |
35,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Excludes other
non-current assets (non-current deferred tax assets, net, goodwill,
investments, notes receivable, security deposits and noncurrent
assets from discontinued operations) of $15,432, $33,001, and
$31,897 for 2013, 2012, and 2011, respectively. |
|