| Segment Reporting |
Note 13: 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 and nine months ended June 30, 2021 and 2020:
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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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2021 |
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2020 |
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2021 |
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2020 |
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Revenues |
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Retail |
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$ |
21,719 |
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$ |
14,259 |
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$ |
68,092 |
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$ |
54,733 |
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Flooring Manufacturing |
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34,234 |
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28,079 |
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97,428 |
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|
75,747 |
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Steel Manufacturing |
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13,018 |
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— |
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36,546 |
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— |
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Corporate & other |
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|
124 |
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|
134 |
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|
373 |
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|
424 |
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$ |
69,095 |
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$ |
42,472 |
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$ |
202,439 |
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$ |
130,904 |
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Gross profit |
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Retail |
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$ |
11,684 |
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$ |
8,009 |
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$ |
36,701 |
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$ |
29,464 |
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Flooring Manufacturing |
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9,857 |
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8,579 |
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28,204 |
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21,255 |
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Steel Manufacturing |
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3,409 |
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— |
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8,565 |
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— |
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Corporate & other |
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|
116 |
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|
125 |
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|
355 |
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|
396 |
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$ |
25,066 |
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$ |
16,713 |
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$ |
73,825 |
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$ |
51,115 |
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Operating income (loss) |
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Retail |
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$ |
3,860 |
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$ |
2,285 |
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$ |
13,424 |
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$ |
5,481 |
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Flooring Manufacturing |
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3,997 |
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4,280 |
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14,158 |
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|
9,381 |
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Steel Manufacturing |
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1,928 |
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— |
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3,814 |
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— |
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Corporate & other |
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(1,553 |
) |
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(575 |
) |
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(4,748 |
) |
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(2,317 |
) |
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$ |
8,232 |
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$ |
5,990 |
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$ |
26,648 |
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$ |
12,545 |
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Depreciation and amortization |
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Retail |
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$ |
372 |
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$ |
455 |
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$ |
1,110 |
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$ |
1,404 |
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Flooring Manufacturing |
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|
882 |
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1,001 |
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2,754 |
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2,493 |
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Steel Manufacturing |
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|
405 |
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— |
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|
1,194 |
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— |
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Corporate & other |
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|
11 |
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|
20 |
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31 |
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|
57 |
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$ |
1,670 |
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$ |
1,476 |
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$ |
5,089 |
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$ |
3,954 |
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Interest expenses |
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Retail |
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$ |
192 |
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$ |
692 |
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$ |
1,434 |
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$ |
2,456 |
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Flooring Manufacturing |
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|
378 |
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|
440 |
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1,436 |
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|
1,270 |
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Steel Manufacturing |
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233 |
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— |
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|
789 |
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— |
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Corporate & other |
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|
135 |
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|
23 |
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|
398 |
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|
56 |
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$ |
938 |
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$ |
1,155 |
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$ |
4,057 |
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$ |
3,782 |
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Net income (loss) before provision for income taxes |
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Retail |
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$ |
4,322 |
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$ |
1,871 |
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$ |
12,980 |
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$ |
3,321 |
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Flooring Manufacturing |
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8,271 |
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3,690 |
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17,164 |
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|
7,681 |
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Steel Manufacturing |
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|
1,431 |
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— |
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|
3,727 |
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— |
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Corporate & other |
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(1,388 |
) |
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|
(553 |
) |
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(2,583 |
) |
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(2,149 |
) |
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$ |
12,636 |
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$ |
5,008 |
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$ |
31,288 |
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$ |
8,853 |
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