Gaia, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Segment and Geographic Information (Tables)

Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2014

Financial information for our segments is as follows:


	Year Ended December 31,
(in thousands)	2014			2013			2012
Net revenue:
Gaiam Brand	$	156,784		$	149,812		$	123,545
Gaiam TV		9,910	(c)		5,651			3,697

Consolidated net revenue		166,694			155,463			127,242
Contribution margin (loss):
Gaiam Brand		6,640			(9,394	)(a)		(1,810	)
Gaiam TV		(8,718	)		(10,144	)(b)		(5,762	)

Segment contribution loss		(2,078	)		(19,538	)		(7,572	)
Other unallocated corporate expenses		(3,008	)		(2,103	)		(2,601	)

Consolidated contribution loss		(5,086	)		(21,641	)		(10,173	)
Reconciliation of contribution loss to net loss attributable to Gaiam, Inc.:
Interest and other (expense) income		(600	)		2,421			(86	)
Gain on sale of investments		1,480			25,096			—
Loss from equity method investment		(55	)		—			(18,410	)
Income tax expense (benefit)		1,369			25,974			(9,444	)
(Loss) income from discontinued operations, net of tax		(3,327	)		(1,995	)		6,648
Net income attributable to noncontrolling interest		(959	)		(659	)		(305	)

Net loss attributable to Gaiam, Inc.	$	(9,916	)	$	(22,752	)	$	(12,882	)

(a)	During 2013 we recognized impairment and severance charges of $9.2 million.

(b)	During 2013 we recognized impairment charges of $1.8 million.

(c)

As discussed in Note 17 Subsequent Events, Gaiam TV filed a Form 10 with the SEC on February 20, 2015. The segment amounts presented here and discussed elsewhere in this Form 10-K vary insignificantly from the amounts in the Form 10, as the Form 10 required that certain items be recast for stand-alone presentation. As reported in Form 10 revenues were $10.1 million for 2014 and $5.5 million for 2013 and contribution loss was $8.5 million for 2014 and $10.0 for 2013.

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)	2014		2013		2012
Total assets – Continuing Operations:
Gaiam Brand	$	114,388	$	120,604	$	117,167
Gaiam TV		23,662		19,193		5,850

	$	138,050	$	139,797	$	123,017
Total assets – Discontinued Operations:
Gaiam Brand	$	582	$	1,889	$	74,214

	$	138,632	$	141,686	$	197,231

Geographical Data for Operations

The following represents geographical data for our operations as of and for the years ended December 31, 2014, 2013 and 2012:


(in thousands)	2014		2013		2012
Revenue:
United States	$	156,284	$	147,527	$	118,931
International		10,410		7,936		8,311

	$	166,694	$	155,463	$	127,242

Long-Lived Assets:
United States	$	34,123	$	29,072	$	33,827
International		243		246		626

	$	34,366	$	29,318	$	34,453


	As of December 31,
(in thousands)	2014		2013		2012
Components of Long-Lived Assets (a):
Property and equipment, net	$	23,231	$	22,540	$	23,544
Media Library, net		7,691		5,211		10,441
Other Intangibles, net		823		1,155		190
Other assets		2,621		412		278

	$	34,366	$	29,318	$	34,453

(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 $25.5 million, $22.3 million, and $33.0 million for 2014, 2013, and 2012, respectively.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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