| Segment Reporting |
|
Note 12:
|
Segment Reporting
|
The Company operates in three segments which are characterized as: (1) Retail, (2) Flooring Manufacturing, and (3) Steel Manufacturing. The Retail segment consists of Vintage Stock and ApplianceSmart, the Flooring Manufacturing Segment consists of Marquis and the Steel Manufacturing Segment consists of Precision Marshall.
The following tables summarize segment information for the three months ended December 31, 2020 and 2019:
|
|
|
Three Months Ended December 31,
|
|
|
|
|
2020
|
|
|
2019
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
Retail
|
|
$
|
22,370
|
|
|
$
|
21,488
|
|
|
Flooring Manufacturing
|
|
|
30,222
|
|
|
|
20,367
|
|
|
Steel Manufacturing
|
|
|
9,735
|
|
|
|
—
|
|
|
Corporate & other
|
|
|
127
|
|
|
|
146
|
|
|
|
|
$
|
62,454
|
|
|
$
|
42,001
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross profit
|
|
|
|
|
|
|
|
|
|
Retail
|
|
$
|
12,047
|
|
|
$
|
11,120
|
|
|
Flooring Manufacturing
|
|
|
8,325
|
|
|
|
5,368
|
|
|
Steel Manufacturing
|
|
|
1,776
|
|
|
|
—
|
|
|
Corporate & other
|
|
|
121
|
|
|
|
138
|
|
|
|
|
$
|
22,269
|
|
|
$
|
16,626
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income (loss)
|
|
|
|
|
|
|
|
|
|
Retail
|
|
$
|
4,493
|
|
|
$
|
1,859
|
|
|
Flooring Manufacturing
|
|
|
4,150
|
|
|
|
2,403
|
|
|
Steel Manufacturing
|
|
|
144
|
|
|
|
—
|
|
|
Corporate & other
|
|
|
(1,496
|
)
|
|
|
(775
|
)
|
|
|
|
$
|
7,291
|
|
|
$
|
3,487
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization
|
|
|
|
|
|
|
|
|
|
Retail
|
|
$
|
347
|
|
|
$
|
470
|
|
|
Flooring Manufacturing
|
|
|
965
|
|
|
|
605
|
|
|
Steel Manufacturing
|
|
|
393
|
|
|
|
—
|
|
|
Corporate & other
|
|
|
9
|
|
|
|
10
|
|
|
|
|
$
|
1,714
|
|
|
$
|
1,085
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expenses
|
|
|
|
|
|
|
|
|
|
Retail
|
|
$
|
660
|
|
|
$
|
949
|
|
|
Flooring Manufacturing
|
|
|
410
|
|
|
|
390
|
|
|
Steel Manufacturing
|
|
|
268
|
|
|
|
—
|
|
|
Corporate & other
|
|
|
132
|
|
|
|
18
|
|
|
|
|
$
|
1,470
|
|
|
$
|
1,357
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) before provision for income taxes
|
|
|
|
|
|
|
|
|
|
Retail
|
|
$
|
4,173
|
|
|
$
|
236
|
|
|
Flooring Manufacturing
|
|
|
3,722
|
|
|
|
1,880
|
|
|
Steel Manufacturing
|
|
|
(164
|
)
|
|
|
—
|
|
|
Corporate & other
|
|
|
(1,002
|
)
|
|
|
(1,374
|
)
|
|
|
|
$
|
6,729
|
|
|
$
|
742
|
|
.
.
|