Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.20.4
Segment Reporting
3 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting

Note 12:

  Segment Reporting

The Company operates in three 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 three months ended December 31, 2020 and 2019:

 

 

 

Three Months Ended December 31,

 

 

 

2020

 

 

2019

 

Revenues

 

 

 

 

 

 

 

 

Retail

 

$

22,370

 

 

$

21,488

 

Flooring Manufacturing

 

 

30,222

 

 

 

20,367

 

Steel Manufacturing

 

 

9,735

 

 

 

 

Corporate & other

 

 

127

 

 

 

146

 

 

 

$

62,454

 

 

$

42,001

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

 

Retail

 

$

12,047

 

 

$

11,120

 

Flooring Manufacturing

 

 

8,325

 

 

 

5,368

 

Steel Manufacturing

 

 

1,776

 

 

 

 

Corporate & other

 

 

121

 

 

 

138

 

 

 

$

22,269

 

 

$

16,626

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

 

Retail

 

$

4,493

 

 

$

1,859

 

Flooring Manufacturing

 

 

4,150

 

 

 

2,403

 

Steel Manufacturing

 

 

144

 

 

 

 

Corporate & other

 

 

(1,496

)

 

 

(775

)

 

 

$

7,291

 

 

$

3,487

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

Retail

 

$

347

 

 

$

470

 

Flooring Manufacturing

 

 

965

 

 

 

605

 

Steel Manufacturing

 

 

393

 

 

 

 

Corporate & other

 

 

9

 

 

 

10

 

 

 

$

1,714

 

 

$

1,085

 

 

 

 

 

 

 

 

 

 

Interest expenses

 

 

 

 

 

 

 

 

Retail

 

$

660

 

 

$

949

 

Flooring Manufacturing

 

 

410

 

 

 

390

 

Steel Manufacturing

 

 

268

 

 

 

 

Corporate & other

 

 

132

 

 

 

18

 

 

 

$

1,470

 

 

$

1,357

 

 

 

 

 

 

 

 

 

 

Net income (loss) before provision for income taxes

 

 

 

 

 

 

 

 

Retail

 

$

4,173

 

 

$

236

 

Flooring Manufacturing

 

 

3,722

 

 

 

1,880

 

Steel Manufacturing

 

 

(164

)

 

 

 

Corporate & other

 

 

(1,002

)

 

 

(1,374

)

 

 

$

6,729

 

 

$

742

 

 

.  

.