Annual report pursuant to Section 13 and 15(d)

Segment Reporting

v3.20.4
Segment Reporting
12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting

Note 16:       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, 2020 and 2019:

 

 

 

Year Ended

 

 

Year Ended

 

 

 

September 30, 2020

 

 

September 30, 2019

 

 

 

 

 

 

 

% of

 

 

 

 

 

 

% of Total

 

 

 

Net

Revenue

 

 

Total

Revenue

 

 

Net

Revenue

 

 

Total

Revenue

 

Retail

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Movies, Music, Games and Other

 

$

69,602

 

 

 

36.3

%

 

$

76,961

 

 

 

39.8

%

  Appliance

 

 

3,961

 

 

 

2.1

%

 

 

23,740

 

 

 

12.3

%

Flooring manufacturing

 

 

109,642

 

 

 

57.2

%

 

 

91,951

 

 

 

47.6

%

Steel manufacturing

 

 

7,962

 

 

 

4.2

%

 

 

 

 

 

0.0

%

Corporate and other

 

 

553

 

 

 

0.3

%

 

 

636

 

 

 

0.3

%

Total Revenue

 

$

191,720

 

 

 

100.0

%

 

$

193,288

 

 

 

100.0

%

 

 

 

Year Ended September 30,

 

 

 

2020

 

 

2019

 

Revenues

 

 

 

 

 

 

 

 

Retail

 

$

73,563

 

 

$

100,701

 

Flooring Manufacturing

 

 

109,642

 

 

 

91,951

 

Steel Manufacturing

 

 

7,962

 

 

 

 

Corporate & Other

 

 

553

 

 

 

636

 

 

 

$

191,720

 

 

$

193,288

 

Gross profit

 

 

 

 

 

 

 

 

Retail

 

$

40,779

 

 

$

45,154

 

Flooring Manufacturing

 

 

32,857

 

 

 

25,122

 

Steel Manufacturing

 

 

1,164

 

 

 

 

Corporate & Other

 

 

518

 

 

 

597

 

 

 

$

75,317

 

 

$

70,873

 

Operating income (loss)

 

 

 

 

 

 

 

 

Retail

 

$

8,737

 

 

$

(9,074

)

Flooring Manufacturing

 

 

16,082

 

 

 

11,735

 

Steel Manufacturing

 

 

172

 

 

 

 

Corporate & Other

 

 

(4,569

)

 

 

595

 

 

 

$

20,422

 

 

$

3,256

 

Depreciation and amortization

 

 

 

 

 

 

 

 

Retail

 

$

1,779

 

 

$

2,816

 

Flooring Manufacturing

 

 

3,564

 

 

 

2,583

 

Steel Manufacturing

 

 

450

 

 

 

 

Corporate & Other

 

 

70

 

 

 

274

 

 

 

$

5,862

 

 

$

5,673

 

Interest expense, net

 

 

 

 

 

 

 

 

Retail

 

$

3,008

 

 

$

4,543

 

Flooring Manufacturing

 

 

1,812

 

 

 

1,681

 

Steel Manufacturing

 

 

260

 

 

 

 

Corporate & Other

 

 

174

 

 

 

91

 

 

 

$

5,254

 

 

$

6,315

 

Income before provision for income taxes

 

 

 

 

 

 

 

 

Retail

 

$

5,596

 

 

$

(12,313

)

Flooring Manufacturing

 

 

17,509

 

 

 

11,026

 

Steel Manufacturing

 

 

(908

)

 

 

 

Corporate & Other

 

 

(6,581

)

 

 

(4,350

)

 

 

$

15,616

 

 

$

(5,637

)