| Segment Reporting |
Note 15: 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 (in 000's):
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For the Three Months Ended December 31, |
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|
2021 |
|
|
2020 |
|
|
Revenues |
|
|
|
|
|
|
|
Retail |
|
$ |
26,211 |
|
|
$ |
22,370 |
|
|
Flooring Manufacturing |
|
|
32,872 |
|
|
|
30,222 |
|
|
Steel Manufacturing |
|
|
12,366 |
|
|
|
9,735 |
|
|
Corporate & Other |
|
|
3,709 |
|
|
|
127 |
|
|
Total revenues |
|
$ |
75,158 |
|
|
$ |
62,454 |
|
|
|
|
|
|
|
|
|
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Gross profit |
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|
|
|
|
|
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Retail |
|
$ |
13,390 |
|
|
$ |
12,047 |
|
|
Flooring Manufacturing |
|
|
9,029 |
|
|
|
8,325 |
|
|
Steel Manufacturing |
|
|
3,615 |
|
|
|
1,776 |
|
|
Corporate & Other |
|
|
1,582 |
|
|
|
121 |
|
|
Total gross profit |
|
$ |
27,616 |
|
|
$ |
22,269 |
|
|
|
|
|
|
|
|
|
|
Operating income (loss) |
|
|
|
|
|
|
|
Retail |
|
$ |
4,810 |
|
|
$ |
4,493 |
|
|
Flooring Manufacturing |
|
|
4,608 |
|
|
|
4,150 |
|
|
Steel Manufacturing |
|
|
1,654 |
|
|
|
144 |
|
|
Corporate & Other |
|
|
(665 |
) |
|
|
(1,496 |
) |
|
Total opertaing income |
|
$ |
10,407 |
|
|
$ |
7,291 |
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
|
|
|
|
|
Retail |
|
$ |
340 |
|
|
$ |
347 |
|
|
Flooring Manufacturing |
|
|
779 |
|
|
|
965 |
|
|
Steel Manufacturing |
|
|
234 |
|
|
|
393 |
|
|
Corporate & Other |
|
|
196 |
|
|
|
9 |
|
|
Total depreciation and amortization |
|
$ |
1,549 |
|
|
$ |
1,714 |
|
|
|
|
|
|
|
|
|
|
Interest expenses |
|
|
|
|
|
|
|
Retail |
|
$ |
152 |
|
|
$ |
660 |
|
|
Flooring Manufacturing |
|
|
431 |
|
|
|
410 |
|
|
Steel Manufacturing |
|
|
298 |
|
|
|
268 |
|
|
Corporate & Other |
|
|
136 |
|
|
|
132 |
|
|
Total interest expenses |
|
$ |
1,017 |
|
|
$ |
1,470 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) before provision for income taxes |
|
|
|
|
|
|
|
Retail |
|
$ |
4,700 |
|
|
$ |
4,173 |
|
|
Flooring Manufacturing |
|
|
4,045 |
|
|
|
3,722 |
|
|
Steel Manufacturing |
|
|
1,313 |
|
|
|
(164 |
) |
|
Corporate & Other |
|
|
(552 |
) |
|
|
(1,002 |
) |
|
Total net income before provision for income taxes |
|
$ |
9,506 |
|
|
$ |
6,729 |
|
|
|