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Segment Information
9 Months Ended
Sep. 30, 2024
Segment Reporting Information, Additional Information [Abstract]  
Segment Information

Note 14 – Segment Information

The following table sets forth certain financial information for the Company's reportable segments (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 


 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Industrial Assets Division:

 

 

 

 

 

 

 

 

 

 

 

 

Auction and Liquidation

 

$

583

 

 

$

1,099

 

 

$

3,500

 

 

$

3,282

 

Refurbishment & Resale

 

 

153

 

 

 

1,001

 

 

 

172

 

 

 

2,838

 

Total divisional operating income

 

 

736

 

 

 

2,100

 

 

 

3,672

 

 

 

6,120

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Assets Division:

 

 

 

 

 

 

 

 

 

 

 

 

Brokerage

 

 

1,655

 

 

 

2,055

 

 

 

5,662

 

 

 

6,217

 

Specialty Lending

 

 

156

 

 

 

(344

)

 

 

1,749

 

 

 

739

 

Total divisional operating income

 

 

1,811

 

 

 

1,711

 

 

 

7,411

 

 

 

6,956

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate operating expense

 

 

(1,068

)

 

 

(1,042

)

 

 

(3,502

)

 

 

(3,312

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Consolidated operating income

 

$

1,479

 

 

$

2,769

 

 

$

7,581

 

 

$

9,764