Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Information [Abstract]  
Segment Information
12. Segment Information

Real Goods Solar was deconsolidated on December 31, 2011, and, thus, the segment information below reports RSOL as an equity method investment for 2012 and as a consolidated subsidiary for 2011. Since RSOL’s deconsolidation we manage our business and aggregate our operational and financial information in accordance with two reportable segments. The direct to consumer segment contains direct response marketing program, catalog, Internet, retail store and subscription channels; and the business segment comprises retailer, media distribution, and corporate account channels.

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
June 30,		     Six Months Ended
June 30,		  

(in thousands)

   2012     2011     2012     2011  

Net revenue:

                                

Direct to consumer

   $ 16,921     $ 16,206     $ 38,491     $ 34,108  

Business

     28,525       14,549       54,288       34,034  

Solar (RSOL)

     —         19,954       —         37,379  
   

 

 

    

 

 

    

 

 

    

 

 

  

Consolidated net revenue

     45,446       50,709       92,779       105,521  
   

 

 

    

 

 

    

 

 

    

 

 

  

Contribution loss:

                                

Direct to consumer

     (3,585 )      (2,093 )      (5,427 )      (3,160 ) 

Business

     1,619       (3,207 )      2,166       (3,761 ) 

Solar

     —         (1,874 )      —         (1,808 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Consolidated contribution loss

     (1,966 )      (7,174 )      (3,261 )      (8,729 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

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

                                

Interest and other income (expense)

     (123 )      61       (67 )      107  

Loss from equity method investment in RSOL

     (944 )      —         (1,640 )      —    

Income tax benefit

     (924 )      (2,135 )      (1,561 )      (2,703 ) 

Net loss attributable to noncontrolling interest

     56       837       135       778  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net loss attributable to Gaiam, Inc.

   $ (2,053 )    $ (4,141 )    $ (3,272 )    $ (5,141 )