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Note 10 - Segment Information | 3 Months Ended
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Mar. 31, 2022
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
10. | Segment Information
The Company reports net revenues from operating income by reportable segment. Reportable segments are components of the Company for which separate financial information is available that is evaluated on a regular basis by the management in deciding how to allocate resources and in assessing performance. The Company provides similar merchandising, business technology and marketing services throughout the world. The Company historically operated within two (2) reportable segments, its Domestic division was comprised of the business in the United States, and its international division was comprised of all countries outside United States. The Company used those divisions to improve its administration and operational focuses, and it tracked and reported certain financial information separately for each of those divisions. The Company measured the performance of its Domestic and International divisions and subsidiaries using the same metrics. The Company continues to evaluate the global growth strategy. To better leverage the regional footprint to align with global growth strategy, effective January 1, 2022, the Company has realigned its segment from two (2) divisions to three (3) regional segments which has been recast below: Americas which is comprised of United States, Canada, Brazil and Mexico, Asia-Pacific (“APAC”) which is comprised of Japan, China, India and Australia, and Europe, Middle East and Africa (“EMEA”) which is comprised of South Africa. Certain corporate expenses have been assigned to segments based on each segment’s revenue as a percent of total company revenue. The operations and performance metrics for each country remains unchanged; the accounting policies for each country also remains the same. Therefore the change of segment reporting has no impact to the existing accounting policies and are the same as those described in the Summary of Significant Accounting Policies. Management evaluates performance as follows (in thousands):
|  | Three Months Ended |
|  | March 31, |
|  | 2022 |  |  | 2021 |
Revenue: |  |  |  |  |  |  |  |
Americas |  | $ | 42,978 |  |  | $ | 45,114 |
APAC |  |  | 6,818 |  |  |  | 8,262 |
EMEA |  |  | 9,198 |  |  |  | 7,721 |
Total revenue |  | $ | 58,994 |  |  | $ | 61,097 |
Operating income: |  |  |  |  |  |  |  |
Americas |  | $ | 1,780 |  |  | $ | 2,328 |
APAC |  |  | (441 | ) |  |  | 23 |
EMEA |  |  | 728 |  |  |  | 367 |
Total operating income |  | $ | 2,067 |  |  | $ | 2,718 |
Interest expense (income): |  |  |  |  |  |  |  |
Americas |  | $ | 101 |  |  | $ | 134 |
APAC |  |  | (1 | ) |  |  | 7 |
EMEA |  |  | 49 |  |  |  | 6 |
Total interest expense |  | $ | 149 |  |  | $ | 147 |
Other expense (income), net: |  |  |  |  |  |  |  |
Americas |  | $ | (7 | ) |  | $ | 14 |
APAC |  |  | (16 | ) |  |  | (47 | )
EMEA |  |  | (64 | ) |  |  | (42 | )
Total other expense (income), net |  | $ | (87 | ) |  | $ | (75 | )
Income before income tax expense: |  |  |  |  |  |  |  |
Americas |  | $ | 1,686 |  |  | $ | 2,180 |
APAC |  |  | (424 | ) |  |  | 63 |
EMEA |  |  | 743 |  |  |  | 403 |
Total income before income tax expense |  | $ | 2,005 |  |  | $ | 2,646 |
Income tax expense: |  |  |  |  |  |  |  |
Americas |  | $ | 370 |  |  | $ | 791 |
APAC |  |  | (6 | ) |  |  | 49 |
EMEA |  |  | 187 |  |  |  | 25 |
Total income tax expense |  | $ | 551 |  |  | $ | 865 |
Net income: |  |  |  |  |  |  |  |
Americas |  | $ | 1,316 |  |  | $ | 1,389 |
APAC |  |  | (418 | ) |  |  | 14 |
EMEA |  |  | 556 |  |  |  | 378 |
Total net income |  | $ | 1,454 |  |  | $ | 1,781 |
Net (income) loss attributable to non-controlling interest: |  |  |  |  |  |  |  |
Americas |  | $ | (548 | ) |  | $ | (515 | )
APAC |  |  | 153 |  |  |  | (4 | )
EMEA |  |  | (385 | ) |  |  | (345 | )
Total net (income) attributable to non-controlling interest |  | $ | (780 | ) |  | $ | (864 | )
Net income (loss) attributable to SPAR Group, Inc.: |  |  |  |  |  |  |  |
Americas |  | $ | 768 |  |  | $ | 874 |
APAC |  |  | (265 | ) |  |  | 10 |
EMEA |  |  | 171 |  |  |  | 33 |
Total net income (loss) attributable to SPAR Group, Inc. |  | $ | 674 |  |  | $ | 917 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Americas |  | $ | 485 |  |  | $ | 502 |
APAC |  |  | 14 |  |  |  | 18 |
EMEA |  |  | 11 |  |  |  | 10 |
Total depreciation and amortization |  | $ | 510 |  |  | $ | 530 |
Capital expenditures: |  |  |  |  |  |  |  |
Americas |  | $ | 466 |  |  | $ | 294 |
APAC |  |  | 5 |  |  |  | 36 |
EMEA |  |  | 7 |  |  |  | 2 |
Total capital expenditures |  | $ | 478 |  |  | $ | 332 |
Note: There were no inter-company sales for the three (3) months period ended March 31, 2022 or 2021.
|  | March 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Assets: |  |  |  |  |  |  |  |
Americas |  | $ | 74,070 |  |  | $ | 65,689 |
APAC |  |  | 8,110 |  |  |  | 10,023 |
EMEA |  |  | 16,044 |  |  |  | 13,304 |
Total assets |  | $ | 98,224 |  |  | $ | 89,016 |
|  | March 31, |  |  | December 31, |
|  | 2022 |  |  | 2021 |
Long lived assets: |  |  |  |  |  |  |  |
Americas |  | $ | 6,311 |  |  | $ | 7,517 |
APAC |  |  | (1,648 | ) |  |  | (1,818 | )
EMEA |  |  | 283 |  |  |  | 362 |
Total long lived assets |  | $ | 4,946 |  |  | $ | 6,061 |
Geographic Data (in thousands)
|  | Three Months Ended March 31, |
|  | 2022 |  |  | 2021 |
|  |  |  |  |  | % of |  |  |  |  |  |  | % of |
|  |  |  |  |  | consolidated |  |  |  |  |  |  | consolidated |
Revenue by country: |  |  |  |  |  | net revenue |  |  |  |  |  |  | net revenue |
United States |  | $ | 23,353 |  |  |  | 39.7 | % |  | $ | 23,676 |  |  |  | 38.8 | %
Brazil |  |  | 15,568 |  |  |  | 26.4 |  |  |  | 12,300 |  |  |  | 20.1 |
South Africa |  |  | 9,198 |  |  |  | 15.6 |  |  |  | 7,722 |  |  |  | 12.6 |
Mexico |  |  | 2,410 |  |  |  | 4.1 |  |  |  | 7,259 |  |  |  | 11.9 |
China |  |  | 2,860 |  |  |  | 4.8 |  |  |  | 3,263 |  |  |  | 5.3 |
Japan |  |  | 2,023 |  |  |  | 3.4 |  |  |  | 2,450 |  |  |  | 4.0 |
Canada |  |  | 1,647 |  |  |  | 2.8 |  |  |  | 1,878 |  |  |  | 3.1 |
India |  |  | 1,616 |  |  |  | 2.7 |  |  |  | 2,226 |  |  |  | 3.6 |
Australia |  |  | 319 |  |  |  | 0.5 |  |  |  | 323 |  |  |  | 0.6 |
Total revenue |  | $ | 58,994 |  |  |  | 100 | % |  | $ | 61,097 |  |  |  | 100 | %

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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