Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Information

8. Segment Information

We manage our company and aggregate our operational and financial information in accordance with two reportable segments, which are aligned based on their products or services:

 

Gaiam Brand:

 This segment includes all our branded yoga, fitness, and wellness products. It also includes our eco-travel subsidiary.

Gaiam TV:

 This segment includes our digital video streaming service. We previously announced that we are pursuing the potential spin off of this segment into a separate company.

Amounts shown as “Other unallocated corporate expenses” in the table below are primarily expenses of being a public company, which we do not allocate to our segments. Although we are able to track sales by channel, the management, allocation of resources, and analysis and reporting of expenses are presented on a combined basis, at the reportable segment level. Contribution margin is defined as net revenue less cost of goods sold and total operating expenses.  

 

Financial information for our segments is as follows:

 

     Three Months Ended
March 31,		  

(in thousands)

    2015      2014  

Net revenue:

      

Gaiam Brand

    $ 34,532       $ 35,315   

Gaiam TV

      3,106         2,296   
  

 

 

     

 

 

  

Consolidated net revenue

   37,638      37,611   
  

 

 

     

 

 

  

Contribution (loss) income:

Gaiam Brand

   (260 )    100   

Gaiam TV

   (2,327 )    (2,208 ) 
  

 

 

     

 

 

  

Segment contribution loss

   (2,587 )    (2,108 ) 

Other unallocated corporate expenses

   (281 )    (370 ) 
  

 

 

     

 

 

  

Consolidated contribution loss

   (2,868 )    (2,478 ) 

Reconciliation of contribution loss to net (loss) income attributable to Gaiam, Inc.:

Interest and other (expense) income

   (501 )    38   

Gain on sale of investments

   —       438   

Income tax expense

   (49 )    (96 ) 

(Loss) income from discontinued operations

   (466 )    26   

Net income attributable to noncontrolling interest

   (8 )    (62 ) 
  

 

 

     

 

 

  

Net (loss) income attributable to Gaiam, Inc.

 $ (3,892 )  $ (2,134 ) 
  

 

 

     

 

 

  

As discussed in Note 2, Gaiam TV filed a registration statement on Form 10 with the SEC on February 20, 2015. The segment amounts presented here and discussed eslewhere in this Form 10-Q vary insignificantly from the amounts reported by Gaiam TV in the Form 10, as the Form 10 requires that certain items be recast for stand-alone presentation.