Segment Reporting

3 Months Ended

Dec. 31, 2023

The Company operates in five operating segments which are characterized as: (1) Retail-Entertainment, (2) Retail-Flooring, (3) Flooring Manufacturing, (4) Steel Manufacturing, and (5) Corporate and Other. The Retail-Entertainment segment consists of Vintage Stock; the Retail-Flooring segment consists of Flooring Liquidators; the Flooring Manufacturing Segment consists of Marquis; and the Steel Manufacturing Segment consists of Precision Marshall and Kinetic.

The following tables summarize segment information (in $000's):


	For the Three Months Ended December 31,
	2023		2022
Revenues
Retail-Entertainment	$	20,586	$	23,273
Retail-Flooring	34,319		—
Flooring Manufacturing	29,245		26,432


Steel Manufacturing	33,354		17,981
Corporate & Other	89		1,300
Total revenues	$	117,593	$	68,986

Gross profit
Retail-Entertainment	$	11,528	$	12,210
Retail-Flooring	13,032		—
Flooring Manufacturing	6,422		4,661
Steel Manufacturing	5,262		4,392
Corporate & Other	83		681
Total gross profit	$	36,327	$	21,944

Operating income (loss)
Retail-Entertainment	$	3,143	$	3,664
Retail-Flooring	90		—
Flooring Manufacturing	945		751
Steel Manufacturing	982		1,455
Corporate & Other	(1,619)		(1,303)
Total operating income	$	3,541	$	4,567

Depreciation and amortization
Retail-Entertainment	$	266	$	311
Retail-Flooring	1,352		—
Flooring Manufacturing	1,056		1,111
Steel Manufacturing	1,617		1,093
Corporate & Other	4		136
Total depreciation and amortization	$	4,295	$	2,651

Interest expense
Retail-Entertainment	$	164	$	154
Retail-Flooring	1,200		—
Flooring Manufacturing	984		987
Steel Manufacturing	1,622		787
Corporate & Other	193		119
Total interest expense	$	4,163	$	2,047

Net (loss) income before provision for income taxes
Retail-Entertainment	$	3,055	$	3,538
Retail-Flooring	(1,628)		—
Flooring Manufacturing	(163)		(313)
Steel Manufacturing	(1,018)		268
Corporate & Other	(1,152)		(1,034)
Total (loss) net income before provision for income taxes	$	(906)	$	2,459

- 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
-Topic 280
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-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 280
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-Topic 280
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-Name Accounting Standards Codification
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-Paragraph 32
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details