v2.3.0.15
Segment Reporting
12 Months Ended
Aug. 28, 2011
Segment Reporting 
Segment Reporting

Note 12—Segment Reporting

The Company and its subsidiaries are principally engaged in the operation of membership warehouses in the United States, Canada, the United Kingdom, Japan, Australia, through majority-owned subsidiaries in Taiwan and Korea, and the Mexico joint venture. The Company's reportable segments are largely based on management's organization of the operating segments for operational decisions and assessments of financial performance, which considers geographic locations. As discussed in Note 1, the Company began consolidating Mexico on August 30, 2010. For segment reporting, these operations are included as a component of other international operations for the year ended August 28, 2011. Prior year amounts for Mexico are only included in total assets under United States operations in the table below, representing the equity method investment in the joint venture, as it was previously accounted for under the equity method and its operations were not consolidated. The material accounting policies of the segments are the same as those described in Note 1. All material inter-segment net sales and expenses have been eliminated in computing total revenue and operating income.

 

     United States
Operations		      Canadian
Operations		      Other
International
Operations		      Total  

Year Ended August 28, 2011

            

Total revenue

    $ 64,904       $ 14,020       $ 9,991       $ 88,915   

Operating income

      1,395         621         423         2,439   

Depreciation and amortization

      640         117         98         855   

Capital expenditures, net

      876         144         270         1,290   

Property and equipment, net

      8,870         1,608         1,954         12,432   

Total assets

      18,558         3,741         4,462         26,761   

Year Ended August 29, 2010

            

Total revenue

    $ 59,624       $ 12,051       $ 6,271       $ 77,946   

Operating income

      1,310         547         220         2,077   

Depreciation and amortization

      625         107         63         795   

Capital expenditures, net

      804         162         89         1,055   

Property and equipment, net

      8,709         1,474         1,131         11,314   

Total assets

      18,247         3,147         2,421         23,815   

Year Ended August 30, 2009

            

Total revenue

    $ 56,548       $ 9,737       $ 5,137       $ 71,422   

Operating income

      1,273         354         150         1,777   

Depreciation and amortization

      589         90         49         728   

Capital expenditures, net

      904         135         211         1,250   

Property and equipment, net

      8,415         1,394         1,091         10,900   

Total assets

      17,228         2,641         2,110         21,979   

Certain home office operating expenses are incurred on behalf of the Company's Canadian and Other International Operations, but are included in the United States Operations above because those costs are not allocated internally and generally come under the responsibility of the Company's United States management team.