| Segment Reporting |
Note 16: Segment Reporting
The Company operates in four operating segments which are characterized as: (1) Retail, (2) Flooring Manufacturing, (3) Steel Manufacturing, and (4) Corporate and Other. 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 June 30, |
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For the Nine Months Ended June 30, |
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2022 |
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2021 |
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|
2022 |
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|
2021 |
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Revenues |
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Retail |
|
$ |
19,227 |
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|
$ |
21,719 |
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|
$ |
66,179 |
|
|
$ |
68,092 |
|
Flooring Manufacturing |
|
|
32,188 |
|
|
|
34,234 |
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|
|
97,832 |
|
|
|
97,428 |
|
Steel Manufacturing |
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|
14,974 |
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|
|
13,018 |
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|
|
41,367 |
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|
|
36,546 |
|
Corporate and Other |
|
|
1,880 |
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|
|
124 |
|
|
|
7,755 |
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|
|
373 |
|
Total revenues |
|
$ |
68,269 |
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|
$ |
69,095 |
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|
$ |
213,133 |
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|
$ |
202,439 |
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|
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Gross profit |
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Retail |
|
$ |
10,226 |
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|
$ |
11,684 |
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|
$ |
34,726 |
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|
$ |
36,701 |
|
Flooring Manufacturing |
|
|
7,466 |
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|
|
9,857 |
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|
|
25,075 |
|
|
|
28,204 |
|
Steel Manufacturing |
|
|
4,010 |
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|
|
3,409 |
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|
|
11,877 |
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|
|
8,565 |
|
Corporate and Other |
|
|
647 |
|
|
|
116 |
|
|
|
3,240 |
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|
|
355 |
|
Total gross profit |
|
$ |
22,349 |
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|
$ |
25,066 |
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|
$ |
74,918 |
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|
$ |
73,825 |
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Operating income (loss) |
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Retail |
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$ |
2,202 |
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|
$ |
3,860 |
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|
$ |
10,144 |
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|
$ |
13,424 |
|
Flooring Manufacturing |
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|
3,289 |
|
|
|
3,997 |
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|
|
11,772 |
|
|
|
14,158 |
|
Steel Manufacturing |
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|
1,268 |
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|
|
1,928 |
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|
|
5,641 |
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|
|
3,814 |
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Corporate and Other |
|
|
(895 |
) |
|
|
(1,553 |
) |
|
|
(2,837 |
) |
|
|
(4,748 |
) |
Total operating income |
|
$ |
5,864 |
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|
$ |
8,232 |
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|
$ |
24,720 |
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$ |
26,648 |
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Depreciation and amortization |
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|
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Retail |
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$ |
290 |
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|
$ |
372 |
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|
$ |
926 |
|
|
$ |
1,110 |
|
Flooring Manufacturing |
|
|
768 |
|
|
|
882 |
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|
|
2,327 |
|
|
|
2,754 |
|
Steel Manufacturing |
|
|
376 |
|
|
|
405 |
|
|
|
891 |
|
|
|
1,194 |
|
Corporate and Other |
|
|
137 |
|
|
|
11 |
|
|
|
472 |
|
|
|
31 |
|
Total depreciation and amortization |
|
$ |
1,571 |
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|
$ |
1,670 |
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|
$ |
4,616 |
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|
$ |
5,089 |
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Interest expenses |
|
|
|
|
|
|
|
|
|
|
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|
Retail |
|
$ |
73 |
|
|
$ |
192 |
|
|
$ |
309 |
|
|
$ |
1,434 |
|
Flooring Manufacturing |
|
|
261 |
|
|
|
378 |
|
|
|
1,155 |
|
|
|
1,436 |
|
Steel Manufacturing |
|
|
195 |
|
|
|
233 |
|
|
|
674 |
|
|
|
789 |
|
Corporate and Other |
|
|
145 |
|
|
|
135 |
|
|
|
411 |
|
|
|
398 |
|
Total interest expenses |
|
$ |
674 |
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|
$ |
938 |
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|
$ |
2,549 |
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|
$ |
4,057 |
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|
|
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|
|
|
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Net income (loss) before provision for income taxes |
|
|
|
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|
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|
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|
Retail |
|
$ |
1,574 |
|
|
$ |
4,322 |
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|
$ |
20,867 |
|
|
$ |
12,980 |
|
Flooring Manufacturing |
|
|
2,898 |
|
|
|
8,271 |
|
|
|
10,280 |
|
|
|
17,164 |
|
Steel Manufacturing |
|
|
736 |
|
|
|
1,431 |
|
|
|
4,051 |
|
|
|
3,727 |
|
Corporate and Other |
|
|
(371 |
) |
|
|
(1,388 |
) |
|
|
(1,974 |
) |
|
|
(2,583 |
) |
Total net income before provision for income taxes |
|
$ |
4,837 |
|
|
$ |
12,636 |
|
|
$ |
33,224 |
|
|
$ |
31,288 |
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