| Segment Reporting |
Segment Reporting The Company operates in five operating segments which are characterized as: (1) Retail-Entertainment, (2) Retail-Flooring, (3) Flooring Manufacturing, (4) Steel Manufacturing, and (5) Corporate and Other. The Retail-Entertainment segment consists of Vintage Stock; the Retail-Flooring segment consists of Flooring Liquidators; the Flooring Manufacturing Segment consists of Marquis; and the Steel Manufacturing Segment consists of Precision Marshall and Kinetic.
The following tables summarize segment information (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended December 31, |
|
|
|
2024 |
|
2023 |
|
|
|
|
| Revenue |
|
|
|
|
|
|
|
| Retail-Entertainment |
$ |
21,273 |
|
|
$ |
20,586 |
|
|
|
|
|
| Retail-Flooring |
31,747 |
|
|
34,319 |
|
|
|
|
|
| Flooring Manufacturing |
25,996 |
|
|
29,245 |
|
|
|
|
|
| Steel Manufacturing |
32,435 |
|
|
33,354 |
|
|
|
|
|
| Corporate & Other |
57 |
|
|
89 |
|
|
|
|
|
| Total revenue |
$ |
111,508 |
|
|
$ |
117,593 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
|
|
|
|
|
| Retail-Entertainment |
$ |
12,044 |
|
|
$ |
11,528 |
|
|
|
|
|
| Retail-Flooring |
11,803 |
|
|
13,032 |
|
|
|
|
|
| Flooring Manufacturing |
5,523 |
|
|
6,422 |
|
|
|
|
|
| Steel Manufacturing |
5,942 |
|
|
5,262 |
|
|
|
|
|
| Corporate & Other |
50 |
|
|
83 |
|
|
|
|
|
| Total gross profit |
$ |
35,362 |
|
|
$ |
36,327 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating income (loss) |
|
|
|
|
|
|
|
| Retail-Entertainment |
$ |
3,408 |
|
|
$ |
3,143 |
|
|
|
|
|
| Retail-Flooring |
(2,174) |
|
|
90 |
|
|
|
|
|
| Flooring Manufacturing |
(81) |
|
|
945 |
|
|
|
|
|
| Steel Manufacturing |
1,166 |
|
|
982 |
|
|
|
|
|
| Corporate & Other |
(1,557) |
|
|
(1,619) |
|
|
|
|
|
| Total operating income |
$ |
762 |
|
|
$ |
3,541 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Depreciation and amortization |
|
|
|
|
|
|
|
| Retail-Entertainment |
$ |
252 |
|
|
$ |
266 |
|
|
|
|
|
| Retail-Flooring |
1,314 |
|
|
1,352 |
|
|
|
|
|
| Flooring Manufacturing |
935 |
|
|
1,056 |
|
|
|
|
|
| Steel Manufacturing |
1,910 |
|
|
1,617 |
|
|
|
|
|
| Corporate & Other |
4 |
|
|
4 |
|
|
|
|
|
| Total depreciation and amortization |
$ |
4,415 |
|
|
$ |
4,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
| Retail-Entertainment |
$ |
39 |
|
|
$ |
164 |
|
|
|
|
|
| Retail-Flooring |
1,320 |
|
|
1,200 |
|
|
|
|
|
| Flooring Manufacturing |
1,115 |
|
|
984 |
|
|
|
|
|
| Steel Manufacturing |
1,457 |
|
|
1,622 |
|
|
|
|
|
| Corporate & Other |
231 |
|
|
193 |
|
|
|
|
|
| Total interest expense |
$ |
4,162 |
|
|
$ |
4,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net (loss) income before provision for income taxes |
|
|
|
|
|
|
|
| Retail-Entertainment |
$ |
3,519 |
|
|
$ |
3,055 |
|
|
|
|
|
| Retail-Flooring |
(3,655) |
|
|
(1,628) |
|
|
|
|
|
| Flooring Manufacturing |
(1,299) |
|
|
(163) |
|
|
|
|
|
| Steel Manufacturing |
2,891 |
|
|
(1,018) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate & Other |
(883) |
|
|
(1,152) |
|
|
|
|
|
| Total net income (loss) before provision for income taxes |
$ |
573 |
|
|
$ |
(906) |
|
|
|
|
|
|