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Segment Information | 12 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company provides operating results in four reportable segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), Machinio. Descriptions of our reportable segments are as follows: •The GovDeals reportable segment provides self-directed service solutions that enable local and state government entities including city, county and state agencies, located in the United States and Canada to sell surplus and salvage assets through our GovDeals marketplace. Through the end of fiscal 2019, GovDeals provided self-directed service solutions to commercial businesses as part of the Auction Deals marketplace. •The RSCG reportable segment consists of marketplaces that enable corporations located in the United States and Canada to sell surplus and salvage consumer goods. RSCG also offers a suite of services that includes returns management, asset recovery, and e-commerce services. This segment includes the Company's Liquidation.com and Secondipity marketplaces. Through the end of third quarter fiscal 2021, RSCG operated the Liquidation.com DIRECT marketplace for truckload quantities of retail surplus. Those assets are now sold on the Liquidation.com marketplace. •The CAG reportable segment provides managed and self-directed service solutions to sellers and consists of marketplaces that enable commercial businesses to sell surplus and idle assets. CAG also offers a suite of services that includes surplus management, asset valuation, asset sales and marketing. Commercial seller assets are located across North America, Europe, Australia, Asia, and Africa. This segment includes the Company's Network International and GoIndustry DoveBid marketplaces and, beginning in fiscal 2020, self-directed service solutions for commercial businesses on the AllSurplus marketplace. Prior to the conclusion of the Scrap Contract, CAG sold scrap assets from the DoD on its Government Liquidation marketplace. •The Machinio reportable segment operates a global search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing and agriculture sectors. We also report results of Corporate & Other, including elimination adjustments. For the year ended September 30, 2019, Corporate & Other included a previously existing operating segment that did not meet the quantitative thresholds to be a reportable segment, IronDirect. The Company exited the IronDirect business in January 2019. Decisions concerning the allocation of the Company’s resources are made by the Company’s Chief Operating Decision Maker ("CODM"), which is the Company's Chief Executive Officer, with oversight by the Board of Directors. The Company reports segment information based on the internal performance measures used by the CODM to assess the performance of each operating segment in a given period. In connection with that assessment, the CODM uses segment gross profit to evaluate the performance of each segment. Segment gross profit is calculated as total revenue less cost of goods sold and seller distributions (excludes depreciation and amortization). The following table sets forth certain financial information for the Company's reportable segments:
|  |  | Year Ended September 30,
(in thousands) |  | 2021 |  | 2020 |  | 2019
GovDeals: |  |  |  |  |  |
| Revenue |  | $ | — |  |  | $ | — |  |  | $ | — |
| Fee revenue |  | 49,579 |  |  | 32,806 |  |  | 32,936 |
| Total revenue |  | 49,579 |  |  | 32,806 |  |  | 32,936 |
| Gross profit |  | 47,030 |  |  | 30,721 |  |  | 30,386 |
RSCG: |  |  |  |  |  |
| Revenue |  | 130,790 |  |  | 118,398 |  |  | 110,736 |
| Fee revenue |  | 28,016 |  |  | 18,093 |  |  | 16,585 |
| Total revenue |  | 158,806 |  |  | 136,491 |  |  | 127,321 |
| Gross profit |  | 64,564 |  |  | 49,727 |  |  | 44,967 |
CAG: |  |  |  |  |  |
| Revenue |  | 15,361 |  |  | 9,182 |  |  | 36,684 |
| Fee revenue |  | 24,284 |  |  | 20,299 |  |  | 23,558 |
| Total revenue |  | 39,645 |  |  | 29,481 |  |  | 60,242 |
| Gross profit |  | 29,324 |  |  | 22,714 |  |  | 32,679 |
Machinio: |  |  |  |  |  |
| Revenue |  | — |  |  | — |  |  | — |
| Fee revenue |  | 9,559 |  |  | 7,213 |  |  | 5,598 |
| Total revenue |  | 9,559 |  |  | 7,213 |  |  | 5,598 |
| Gross profit |  | 8,992 |  |  | 6,813 |  |  | 5,196 |
Corporate & Other, including elimination adjustments: |  |  |  |  |  |
| Revenue |  | — |  |  | — |  |  | 469 |
| Fee revenue |  | (57) |  |  | (51) |  |  | (41) |
| Total revenue |  | (57) |  |  | (51) |  |  | 428 |
| Gross profit |  | (57) |  |  | (51) |  |  | 52 |
Consolidated: |  |  |  |  |  |
| Revenue |  | 146,151 |  |  | 127,580 |  |  | 147,889 |
| Fee revenue |  | 111,380 |  |  | 78,360 |  |  | 78,636 |
| Total revenue |  | 257,531 |  |  | 205,940 |  |  | 226,525 |
| Gross profit |  | 149,853 |  |  | 109,924 |  |  | 113,280 |
The following table presents a reconciliation between gross profit used in the reportable segments and the Company's consolidated results:
|  |  | Year Ended September 30,
(in thousands) |  | 2021 |  | 2020 |  | 2019
Reconciliation: |  |  |  |  |  |
| Gross profit |  | 149,853 |  |  | 109,924 |  |  | 113,280 |
| Operating expenses |  | 122,679 |  |  | 113,248 |  |  | 127,739 |
| Other operating expenses |  | 6 |  |  | 573 |  |  | 5,049 |
| Interest and other income, net |  | (411) |  |  | (924) |  |  | (1,448) |
| Income (loss) before income taxes |  | 27,579 |  |  | (2,973) |  |  | (18,060) |
Total segment assets reconciled to consolidated amounts are as follows:
|  | September 30,
(in thousands) |  | 2021 |  | 2020
GovDeals |  | $ | 148,111 |  |  | $ | 102,083 |
RSCG |  | 84,971 |  |  | 51,230 |
CAG |  | 94,884 |  |  | 107,529 |
Machinio |  | 29,806 |  |  | 26,568 |
Corporate & Other, including elimination adjustments |  | (102,196) |  |  | (90,776) |
Total Assets: |  | $ | 255,576 |  |  | $ | 196,634 |
Revenue attributed to countries that represent a significant portion of consolidated revenues are as follows:
|  | Year Ended September 30,
(in thousands) |  | 2021 |  | 2020 |  | 2019
United States |  | $ | 214,162 |  |  | $ | 180,887 |  |  | $ | 191,816 |
Rest of the world |  | 43,369 |  |  | 25,053 |  |  | 34,709 |
Total Revenue |  | $ | 257,531 |  |  | $ | 205,940 |  |  | $ | 226,525 |
Total long-lived assets by geographic areas are as follows:
|  | September 30,
(in thousands) |  | 2021 |  | 2020
United States |  | $ | 17,261 |  |  | $ | 17,358 |
Rest of the world |  | 373 |  |  | 485 |
Total Long-lived Assets |  | $ | 17,634 |  |  | $ | 17,843 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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