Quarterly report [Sections 13 or 15(d)]

Note 17 - Segment Reporting (Tables)

v3.26.1
Note 17 - Segment Reporting (Tables)
6 Months Ended
Mar. 31, 2026
Notes Tables  
Segment Reporting [Table Text Block]

Three Months Ended March 31, 2026

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Revenue

$

21,205

$

20,208

$

30,285

$

32,545

$

104,243

$

4

$

(1,348

)

$

102,899

Cost of revenue

8,923

13,154

22,152

25,350

69,579

2

(1,262

)

68,319

Gross profit

12,282

7,054

8,133

7,195

34,664

2

(86

)

34,580

Gross profit percentage

57.9

%

34.9

%

26.9

%

22.1

%

33.3

%

%

%

33.6

%

Operating expenses:

General and administrative expenses

8,766

11,160

2,120

4,704

26,750

931

27,681

Sales and marketing expenses

199

493

4,045

152

4,889

6

4,895

Impairment expense

4,013

4,013

4,013

Total operating expenses

8,965

11,653

6,165

8,869

35,652

937

36,589

Operating income (loss)

3,317

(4,599

)

1,968

(1,674

)

(988

)

(935

)

(86

)

$

(2,009

)

Other income (expense):

Interest expense, net

37

(939

)

(924

)

(1,514

)

(3,340

)

(552

)

(3,892

)

Other income, net

(79

)

1,421

31

(67

)

1,306

1,306

Total expense, net

(42

)

482

(893

)

(1,581

)

(2,034

)

(552

)

(2,586

)

Income (loss) before income taxes

$

3,275

$

(4,117

)

$

1,075

$

(3,255

)

$

(3,022

)

$

(1,487

)

$

(86

)

$

(4,595

)

Adjusted EBITDA

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Income (loss) before income taxes

$

3,275

$

(4,117

)

$

1,075

$

(3,255

)

$

(3,022

)

$

(1,487

)

$

(86

)

$

(4,595

)

Interest income (expense), net

(37

)

939

924

1,514

3,340

552

3,892

Depreciation and amortization

291

1,297

918

1,409

3,915

5

3,920

Impairment of goodwill

4,013

4,013

4,013

Employee Retention Credit

(1,400

)

(1,400

)

(1,400

)

Other adjustments

49

49

(1

)

48

Adjusted EBITDA

$

3,529

$

(3,232

)

$

2,917

$

3,681

$

6,895

$

(931

)

$

(86

)

$

5,878

Three Months Ended March 31, 2025

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Revenue

$

18,467

$

27,399

$

31,283

$

31,487

$

108,636

$

6

$

(1,629

)

$

107,013

Cost of revenue

7,560

17,984

22,986

24,869

73,399

2

(1,536

)

71,865

Gross profit

10,907

9,415

8,297

6,618

35,237

4

(93

)

35,148

Gross profit percentage

59.1

%

34.4

%

26.5

%

21.0

%

32.4

%

%

%

32.8

%

Operating expenses:

General and administrative expenses

8,254

12,083

2,329

4,312

26,978

1,343

28,321

Sales and marketing expenses

155

73

4,381

121

4,730

5

4,735

Total operating expenses

8,409

12,156

6,710

4,433

31,708

1,348

33,056

Operating income (loss)

2,498

(2,741

)

1,587

2,185

3,529

(1,344

)

(93

)

$

2,092

Other income (expense):

Interest expense, net

(1,132

)

(1,129

)

(1,315

)

(3,576

)

(357

)

(3,933

)

Other income, net

360

22,767

2

(292

)

22,837

107

22,944

Total income (expense), net

360

21,635

(1,127

)

(1,607

)

19,261

(250

)

19,011

Income (loss) before income taxes

$

2,858

$

18,894

$

460

$

578

$

22,790

$

(1,594

)

$

(93

)

$

21,103

Adjusted EBITDA

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Income (loss) before income taxes

$

2,858

$

18,894

$

460

$

578

$

22,790

$

(1,594

)

$

(93

)

$

21,103

Interest expense, net

1,132

1,129

1,315

3,576

357

3,933

Depreciation and amortization

253

1,322

937

1,885

4,397

4

4,401

Gain on note modification

(22,784

)

(22,784

)

(22,784

)

Other adjustments

(356

)

(155

)

302

(209

)

2

(207

)

Adjusted EBITDA

$

2,755

$

(1,591

)

$

2,526

$

4,080

$

7,770

$

(1,231

)

$

(93

)

$

6,446

Six Months Ended March 31, 2026

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Revenue

$

44,826

$

45,535

$

59,146

$

64,406

$

213,913

$

11

$

(2,481

)

$

211,443

Cost of revenue

18,971

30,455

43,788

50,863

144,077

7

(2,574

)

141,510

Gross profit

25,855

15,080

15,358

13,543

69,836

4

93

69,933

Gross profit percentage

57.7

%

33.1

%

26.0

%

21.0

%

32.6

%

%

%

33.1

%

Operating expenses:

General and administrative expenses

17,498

22,643

3,502

9,300

52,943

2,101

479

55,523

Sales and marketing expenses

374

724

7,562

283

8,943

12

8,955

Impairment expense

4,013

4,013

4,013

Total operating expenses

17,872

23,367

11,064

13,596

65,899

2,113

479

68,491

Operating income (loss)

7,983

(8,287

)

4,294

(53

)

3,937

(2,109

)

(386

)

$

1,442

Other income (expense):

Interest expense, net

49

(1,843

)

(1,863

)

(2,743

)

(6,400

)

(1,053

)

(7,453

)

Other income, net

(56

)

1,459

38

(120

)

1,321

6

1,327

Total income (expense), net

(7

)

(384

)

(1,825

)

(2,863

)

(5,079

)

(1,047

)

(6,126

)

Income (loss) before income taxes

$

7,976

$

(8,671

)

$

2,469

$

(2,916

)

$

(1,142

)

$

(3,156

)

$

(386

)

$

(4,684

)

Adjusted EBITDA

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Income (loss) before income taxes

$

7,976

$

(8,671

)

$

2,469

$

(2,916

)

$

(1,142

)

$

(3,156

)

$

(386

)

$

(4,684

)

Interest expense, net

(49

)

1,843

1,863

2,743

6,400

1,053

7,453

Depreciation and amortization

569

2,595

1,859

2,812

7,835

11

7,846

Impairment expense

4,013

4,013

4,013

Employee Retention Credit

(1,400

)​

(1,400

)​

(1,400

)​

Other adjustments

100

1

344

445

445

Adjusted EBITDA

$

8,496

$

(5,533

)

$

6,192

$

6,996

$

16,151

$

(2,092

)

$

(386

)

$

13,673

Six Months Ended March 31, 2025

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Revenue

$

39,740

$

59,146

$

60,451

$

64,774

$

224,111

$

62

$

(5,652

)

$

218,521

Cost of revenue

16,789

37,928

45,899

52,179

152,795

8

(4,792

)

148,011

Gross profit

22,951

21,218

14,552

12,595

71,316

54

(860

)

70,510

Gross profit percentage

57.8

%

35.9

%

24.1

%

19.4

%

31.8

%

%

%

32.3

%

Operating expenses:

General and administrative expenses

16,735

25,792

3,963

8,959

55,449

2,943

58,392

Sales and marketing expenses

311

340

8,352

250

9,253

11

9,264

Total operating expenses

17,046

26,132

12,315

9,209

64,702

2,954

67,656

Operating income (loss)

5,905

(4,914

)

2,237

3,386

6,614

(2,900

)

(860

)

$

2,854

Other income (expense):

Interest expense, net

(39

)

(2,452

)

(2,244

)

(2,772

)

(7,507

)

(588

)

(8,095

)

Other income, net

511

22,793

50

3,240

26,594

323

26,917

Total income (expense), net

472

20,341

(2,194

)

468

19,087

(265

)

18,822

Income (loss) before income taxes

$

6,377

$

15,427

$

43

$

3,854

$

25,701

$

(3,165

)

$

(860

)

$

21,676

Adjusted EBITDA

Retail-Entertainment

Retail-Flooring

Flooring Manufacturing

Steel Manufacturing

Total Reportable Segments

Corporate and Other

Intercompany Eliminations

Total

Income (loss) before income taxes

$

6,377

$

15,427

$

43

$

3,854

$

25,701

$

(3,165

)

$

(860

)

$

21,676

Interest expense, net

39

2,452

2,244

2,772

7,507

588

8,095

Depreciation and amortization

505

2,636

1,872

3,794

8,807

9

8,816

Gain on note modification

(22,784

)

(22,784

)

(22,784

)

Other adjustments

(356

)

(105

)

(3,153

)

(3,614

)

2

(3,612

)

Adjusted EBITDA

$

6,565

$

(2,374

)

$

4,159

$

7,267

$

15,617

$

(2,566

)

$

(860

)

$

12,191