| Segment Reporting |
Note 19: Segment Reporting
The Company operates in three operating 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 years ended September 30, 2021 and 2020:
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Year Ended |
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Year Ended |
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September 30, 2021 |
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September 30, 2020 |
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% of |
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% of Total |
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Net
Revenue |
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Total
Revenue |
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Net
Revenue |
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Total
Revenue |
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Retail |
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Movies, Music, Games and Other |
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$ |
87,742 |
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32.1 |
% |
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$ |
69,602 |
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36.3 |
% |
Appliance |
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|
1,103 |
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0.4 |
% |
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|
3,961 |
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2.1 |
% |
Flooring manufacturing |
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130,223 |
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47.7 |
% |
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|
109,642 |
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57.2 |
% |
Steel manufacturing |
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49,302 |
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18.1 |
% |
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7,962 |
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4.2 |
% |
Corporate and other |
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|
4,611 |
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1.7 |
% |
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|
553 |
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0.3 |
% |
Total Revenue |
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$ |
272,981 |
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|
100.0 |
% |
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$ |
191,720 |
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|
100.0 |
% |
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Year Ended September 30, |
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2021 |
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2020 |
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Revenues |
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Retail |
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$ |
88,845 |
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|
$ |
73,563 |
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Flooring Manufacturing |
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130,223 |
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|
109,642 |
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Steel Manufacturing |
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49,302 |
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7,962 |
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Corporate & Other |
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4,611 |
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|
553 |
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$ |
272,981 |
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$ |
191,720 |
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Gross profit |
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Retail |
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$ |
48,059 |
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$ |
40,779 |
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Flooring Manufacturing |
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37,893 |
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32,857 |
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Steel Manufacturing |
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11,954 |
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|
1,164 |
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Corporate & Other |
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|
1,557 |
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|
|
517 |
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$ |
99,463 |
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$ |
75,317 |
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Operating income (loss) |
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Retail |
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$ |
16,340 |
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$ |
8,737 |
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Flooring Manufacturing |
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20,203 |
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|
16,082 |
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Steel Manufacturing |
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5,869 |
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|
172 |
|
Corporate & Other |
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(6,622 |
) |
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(4,569 |
) |
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$ |
35,790 |
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$ |
20,422 |
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Depreciation and amortization |
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Retail |
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$ |
1,499 |
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$ |
1,779 |
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Flooring Manufacturing |
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3,721 |
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3,564 |
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Steel Manufacturing |
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|
1,440 |
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|
450 |
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Corporate & Other |
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|
131 |
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|
|
69 |
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$ |
6,791 |
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$ |
5,862 |
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Interest expense, net |
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Retail |
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$ |
1,578 |
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$ |
3,008 |
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Flooring Manufacturing |
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|
2,049 |
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|
1,812 |
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Steel Manufacturing |
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|
1,046 |
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|
|
260 |
|
Corporate & Other |
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|
532 |
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|
174 |
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$ |
5,205 |
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$ |
5,254 |
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Income before provision for income taxes |
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Retail |
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$ |
15,789 |
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$ |
5,596 |
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Flooring Manufacturing |
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|
22,742 |
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|
17,509 |
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Steel Manufacturing |
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|
5,239 |
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|
(908 |
) |
Corporate & Other |
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(4,091 |
) |
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(6,581 |
) |
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$ |
39,679 |
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$ |
15,616 |
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Year Ended September 30, |
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Total Assets |
|
2021 |
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|
2021 |
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Retail |
|
$ |
59,760 |
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$ |
63,033 |
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Flooring manufacturing |
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|
94,853 |
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|
91,680 |
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Steel manufacturing |
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|
33,635 |
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|
30,499 |
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Segment totals |
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188,248 |
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|
185,212 |
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Corporate and other |
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|
23,490 |
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|
12,047 |
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Consolidated totals |
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$ |
211,738 |
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$ |
197,259 |
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