XML 31 R20.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Segment Information | 3 Months Ended
--- | ---
Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company provides operating results in four reportable segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Asset Group (CAG), and 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, salvage and real estate assets through our GovDeals and Bid4Assets marketplaces (see Note 3). •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, Secondipity and AllSurplus Deals 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 self-directed service solutions for commercial businesses on the AllSurplus 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. 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 reportable 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 (excludes depreciation and amortization). The following table sets forth certain financial information for the Company's reportable segments:
|  |  |  | Three Months Ended December 31,
(in thousands) |  |  |  |  | 2021 |  | 2020
GovDeals: |  |  |  |  |  |  |
| Revenue |  |  |  |  | $ | — |  |  | $ | — |
| Fee revenue |  |  |  |  | 13,984 |  |  | 10,818 |
| Total revenue |  |  |  |  | 13,984 |  |  | 10,818 |
| Gross profit |  |  |  |  | $ | 13,295 |  |  | $ | 10,203 |
RSCG: |  |  |  |  |  |  |
| Revenue |  |  |  |  | $ | 32,083 |  |  | $ | 28,161 |
| Fee revenue |  |  |  |  | 6,601 |  |  | 6,745 |
| Total revenue |  |  |  |  | 38,684 |  |  | 34,906 |
| Gross profit |  |  |  |  | $ | 14,257 |  |  | $ | 14,627 |
CAG: |  |  |  |  |  |  |
| Revenue |  |  |  |  | $ | 4,134 |  |  | $ | 2,910 |
| Fee revenue |  |  |  |  | 7,073 |  |  | 5,003 |
| Total revenue |  |  |  |  | 11,207 |  |  | 7,913 |
| Gross profit |  |  |  |  | $ | 8,719 |  |  | $ | 6,358 |
Machinio: |  |  |  |  |  |  |
| Revenue |  |  |  |  | $ | — |  |  | $ | — |
| Fee revenue |  |  |  |  | 2,832 |  |  | 2,114 |
| Total revenue |  |  |  |  | 2,832 |  |  | 2,114 |
| Gross Profit |  |  |  |  | $ | 2,674 |  |  | $ | 1,991 |
Corporate & Other, including elimination adjustments: |  |  |  |  |  |  |
| Revenue |  |  |  |  | $ | — |  |  | $ | — |
| Fee revenue |  |  |  |  | — |  |  | — |
| Total revenue |  |  |  |  | — |  |  | — |
| Gross profit |  |  |  |  | $ | — |  |  | $ | — |
Consolidated: |  |  |  |  |  |  |
| Revenue |  |  |  |  | $ | 36,217 |  |  | $ | 31,071 |
| Fee revenue |  |  |  |  | 30,490 |  |  | 24,680 |
| Total revenue |  |  |  |  | 66,707 |  |  | 55,751 |
| Gross profit |  |  |  |  | $ | 38,945 |  |  | $ | 33,178 |
The following table reconciles gross profit used in the reportable segments to the Company's consolidated results:
|  | Three Months Ended December 31, |  |
(in thousands) | 2021 |  | 2020 |  |  |  |
Reconciliation: |  |  |  |  |  |  |
| Gross profit | $ | 38,945 |  |  | $ | 33,178 |  |  |  |  |
| Operating expenses | 34,494 |  |  | 28,548 |  |  |  |  |
| Other operating (income) expenses | (32) |  |  | 4 |  |  |  |  |
| Interest and other income, net | (131) |  |  | (185) |  |  |  |  |
| Income before provision for income taxes | $ | 4,614 |  |  | $ | 4,811 |  |  |  |  |
The percent of our revenues that came from transactions conducted outside of the United States for the three months ended December 31, 2021 and 2020 was 13.5% and 9.6%, respectively.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration