Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting

v3.22.1
Segment Reporting
6 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting

Note 15: Segment Reporting

The Company operates in four operating segments which are characterized as: (1) Retail, (2) Flooring Manufacturing, (3) Steel Manufacturing, and (4) Corporate and Other. 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 (in $000's):

 

 

 

For the Three Months Ended March 31,

 

 

For the Six Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

20,741

 

 

$

24,003

 

 

$

46,952

 

 

$

46,373

 

Flooring Manufacturing

 

 

32,772

 

 

 

32,972

 

 

 

65,644

 

 

 

63,194

 

Steel Manufacturing

 

 

14,027

 

 

 

13,793

 

 

 

26,393

 

 

 

23,528

 

Corporate and Other

 

 

2,166

 

 

 

122

 

 

 

5,875

 

 

 

249

 

Total revenues

 

$

69,706

 

 

$

70,890

 

 

$

144,864

 

 

$

133,344

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

11,110

 

 

$

12,970

 

 

$

24,500

 

 

$

25,017

 

Flooring Manufacturing

 

 

8,580

 

 

 

10,022

 

 

 

17,609

 

 

 

18,347

 

Steel Manufacturing

 

 

4,252

 

 

 

3,380

 

 

 

7,867

 

 

 

5,156

 

Corporate and Other

 

 

1,011

 

 

 

118

 

 

 

2,593

 

 

 

239

 

Total gross profit

 

$

24,953

 

 

$

26,490

 

 

$

52,569

 

 

$

48,759

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

3,132

 

 

$

5,071

 

 

$

7,942

 

 

$

9,564

 

Flooring Manufacturing

 

 

3,875

 

 

 

6,011

 

 

 

8,483

 

 

 

10,161

 

Steel Manufacturing

 

 

2,719

 

 

 

1,742

 

 

 

4,373

 

 

 

1,886

 

Corporate and Other

 

 

(1,277

)

 

 

(1,699

)

 

 

(1,942

)

 

 

(3,195

)

Total operating income

 

$

8,449

 

 

$

11,125

 

 

$

18,856

 

 

$

18,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

296

 

 

$

391

 

 

$

636

 

 

$

738

 

Flooring Manufacturing

 

 

780

 

 

 

907

 

 

 

1,559

 

 

 

1,872

 

Steel Manufacturing

 

 

281

 

 

 

396

 

 

 

515

 

 

 

789

 

Corporate and Other

 

 

139

 

 

 

11

 

 

 

335

 

 

 

21

 

Total depreciation and amortization

 

$

1,496

 

 

$

1,705

 

 

$

3,045

 

 

$

3,420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expenses

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

84

 

 

$

582

 

 

$

236

 

 

$

1,242

 

Flooring Manufacturing

 

 

462

 

 

 

648

 

 

 

893

 

 

 

1,058

 

Steel Manufacturing

 

 

182

 

 

 

288

 

 

 

479

 

 

 

556

 

Corporate and Other

 

 

130

 

 

 

131

 

 

 

267

 

 

 

263

 

Total interest expenses

 

$

858

 

 

$

1,649

 

 

$

1,875

 

 

$

3,119

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) before provision for income taxes

 

 

 

 

 

 

 

 

 

 

 

 

Retail

 

$

14,593

 

 

$

4,485

 

 

$

19,293

 

 

$

8,658

 

Flooring Manufacturing

 

 

3,337

 

 

 

5,171

 

 

 

7,382

 

 

 

8,893

 

Steel Manufacturing

 

 

2,002

 

 

 

2,460

 

 

 

3,315

 

 

 

2,296

 

Corporate and Other

 

 

(1,051

)

 

 

(193

)

 

 

(1,602

)

 

 

(1,195

)

Total net income before provision for income taxes

 

$

18,881

 

 

$

11,923

 

 

$

28,388

 

 

$

18,652